Monday, 26 August 2013

Bright Star Investments acquires 40 lakh shares of TV18 Broadcast

Bright Star Investments has acquired 40 lakh shares of TV18 Broadcast for about Rs 7 crore. The shares were picked up at an average price of Rs 17.65 apiece from Damani Estate & Finance. This was in addition to 25 lakh shares of TV18 Broadcast acquired by Bright Star Investments for an amount of Rs 4.25 crore.

TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. TV18 Broadcast is focused on producing high quality news programming and to capture news and events around the world.

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