Com Ventures To Invest $20 Million In NDTV Networks
By Sahad PV - Mon 12 Mar 2007 09:09 PM PST
US-based venture capital firm Com Ventures will invest $20 million in NDTV Networks Plc, the UK subsidiary of NDTV Ltd. The company had recently received approval from Foreign Investment Promotion Board for an investment of Rs 5.85 billion or $133 million. Com Ventures’ is the first of a series of investments the company plans to rake in. NDTV announced that it has signed definitive agreements with Com Ventures for investing $20 million in the new company.
NDTV Networks has wholly owned subsidiary companies NDTV Imagine and NDTV Lifestyle which would launch Hindi general entertainment and lifestyle channels.
Posted in: TV, Venture Capital
