MUMBAI: TV18 Home  Shopping  Network  Ltd ('HomeShop18') has raised a  fresh  round  of  funding  from  'Skyblue  Buildwell  Private  Limited'  ('Skyblue'), a  new investor.  The  existing  shareholders (namely:   Network18   Media  &  Investments, SAIF Partners,  GS  Home  Shopping  South  Korea,  OCP  Asia,  CJO  Shopping  Co.  Ltd  and Providence Equity  Partners)  have  not  participated in this  round.  After  the investment, Skyblue  holds 82.64% of HomeShop18, becoming the holding company  and promoter  of HomeShop18.

With this investment, HomeShop18 has ceased to be a subsidiary  of NW18 HSN Holdings Pic  and  an  associate  of  Network18   Media  &  Investments   Limited.  Accordingly,  the Company  is in the process  of changing  its corporate as well as brand name.