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    • Network 18 to sell Newswire18 stake, stock jumps 4%

      Network 18 to sell Newswire18 stake, stock jumps 4%

      Shares of Network 18 Media & Investments gained as much as 3.8 percent intraday on Monday, immediately after the company said it would sell its shareholding in Newswire18.

    • Network18 nets Rs 45cr pretax gain from Bookmyshow sale

      Network18 nets Rs 45cr pretax gain from Bookmyshow sale

      In an interview with CNBC-TV18, Sai Kumar, group CEO of Network18 said the company has diluted 20% stake at primary and secondary ends and has made a profit of Rs 45 crore from the transaction. Moreover, the CEO is hopeful of more such announcements in the next six to nine months.

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