Hindi news channel India TV has secured private equity funding of around $11.5 mn (Rs. 50.96 crores) FUSE+Media, an affiliate of US-based venture capital firm Com Ventures. The channel has also received approval by the Foreign Investment Proposal Board for the same.
FUSE+Media has invested in India TV through Mauritius-based CV Global Holdings. The investment would give FUSE+Media a 19.17% stake in Independent News Services Private Limited, which is India TV’s parent company, co-founded by Rajat Sharma and Ritu Dhawan. The FUSE+Media stake includes shares divested by existing stakeholders of Independent News Service.
More in the exchange4media.com article.
Showing posts with label India TV. Show all posts
Showing posts with label India TV. Show all posts
Friday, March 30, 2007
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