Another large deal worth Rs 78 crore took place in the company's arm, TV18 Broadcast. Buyers and sellers of this transaction were also unknown.
Network18 Q1: The company said its TV News network delivered strong growth in revenues driven by leadership in key markets as its channels continue to be number one in the Hindi, English and Business news genres
Reliance Broadcast | Heidelberg | ARO Granite | Videocon Industries | Ambuja Cements | Ranbaxy Labs and MCX India are stocks, which are in the news today.
Network18 Q1 PAT turned positive at Rs 19 crore versus Rs 90 crore loss a year earlier.
Network18 Media and Investments has set itself a six-12 month timeline to pare losses in its digital commerce business. Sarbvir Singh, head of investments, Network18, says the group will consider stake sales in non-core businesses so as to focus better on the main operations.