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INDIA’S GLOBAL BROADCAST NEWS BUYS MAURITIAN EQUITY COMPANY’S STAKE IN JAGRAN TV

December 18th 2007 09:18
Global Broadcast News, broadcasters of 24-hour English news and current affairs channel CNN-IBN, is buying out the 10.01 per cent stake the Mauritius-based New Vernon Private Equity Fund holds in Jagran TV.
Exchange4media said that according to a company release, the Global Broadcast News has approved the acquisition of 1,347,231 equity shares that New Vernon had in Jagran TV.
Last year Global Broadcast News acquired a 49 percent stake in BK Fincap, the holding company of Jagran TV, which owns Hindi news channel IBN 7.


- From MediaBlab



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