Reliance Digital plans to sell 80% stake to Sun TV

Reports said that the deal may be valued at around Rs 2,500 crore.
Reliance Digital TV, the fully-owned subsidiary of Reliance Communications is planning to sell over 80%stake to Sun TV, controlled by Kalanithi Maran, report was quoted as saying.
Reports said that the deal may be valued at around Rs 2,500 crore.
Under the agreement, Reliance will get a one-time cash payment in return for infrastructure and assets of Reliance DTH, while Sun TV will get full management control over the company, report was quoted as saying.
The due diligence for the deal has already been completed.