TV18's internet subsidiary acquires finance portal

e-Eighteen Dot Com Private Ltd (E18), a subsidiary of television software maker Television Eighteen (TV18), has acquired a personal finance portal company, Money Control Dot Com India Private Ltd, in a stock and cash deal, the company said in a statement today. The portal is called

E18 will pay the shareholders of Money Control Dot Com 7.5 per cent of its equity capital. It will also pay Rs 11.5 million towards the cost of acquisition, the statement said.

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