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    HomeNewsBusinessMarketsTV18 paid slightly steep price for ETV channels: I-Sec

    TV18 paid slightly steep price for ETV channels: I-Sec

    It's a deal that marks giant Mukesh Ambani's foray into the media sector. Mukesh Ambani's RIL will sell a portion of its stake in Eenadu TV to Raghav Bahl-promoted Network18 for Rs 2,100 crore in cash.

    January 04, 2012 / 13:50 IST

    It's a deal that marks giant Mukesh Ambani's foray into the media sector. Mukesh Ambani's RIL will sell a portion of its stake in Eenadu TV (ETV) to Raghav Bahl-promoted Network18 for Rs 2100 crore in cash.

    However, Vikash Mantri, AVP-Research, ICICI Securities feels that acquisition of ETV has been made at a slightly higher valuation. Speaking about the deal, Mantri says that there is a lack of clarity in ETV

    first published: Jan 4, 2012 10:38 am

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