Mukesh Ambani owned Reliance Industries Limited (RIL) has - TopicsExpress

Mukesh Ambani owned Reliance Industries Limited (RIL) has confirmed the acquisition of control of India’s largest news broadcasting group of channels, Network18 Group. Network18 Group operates TV channels CNBC-TV18, IBN7, CNN-IBN and CNBC Awaaz. Also operates were several regional news channels, in about twelve different languages, under the ETV name. It has been confirmed by a source in Reliance that for this acquisition, Reliance has extended Rs4000 Crore to the Independent Media Trust of Network18 Group, to acquire the group’s control, as its soul beneficiary.

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