Television

Anil's Reliance ups stake in TV Today to 11.93 per cent

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MUMBAI: Anil Ambani's interest in the media sector seems to be growing. Reliance Capital's subsidiary Sonata Investments has taken its shareholding in TV Today to 11.93 per cent, after buying an additional 1 per cent stake on Monday.

Sonata bought 583,000 shares in an open market transaction. With this, the company now has 6.9 million shares of TV Today, up from 6.3 million. Earlier on 12 February, the company had purchased 557,000 shares, or 0.96 per cent stake, of TV Today for an estimated Rs 65 million.

Ambani's Reliance Capital has also taken an exposure in Global Broadcast News, recently acquiring 6.27 per cent stake for an estimated Rs 870 million.

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