India TV Sells 20 Percent Stake to Shyam Equities; Valuation Now Rs 500 Crore

Entities Mentioned

• Aaj Tak
• Velocity Interactive Group
• Rajat Sharma
• TiE

1. By Rafat Ali - Wed 23 Jan 2008 12:50 PM PST Rajat Sharma’s Independent News Service Private Limited (INS), which is the holding company for India TV, has sold of 20% stake to Banglore based Shyam Equities Pvt Ltd. The deal is reportedly worth Rs 1 billion, taking INS’s valuation to Rs 500 crore, up 86% from 270 crore nine months ago. Considering Shyam Equities is an Indian entity, the FDI limit for news channels won’t (Read Full Article)
   
   

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