TV18 to in­crease stake to 51% in Vi­a­com18

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TV18 shall take op­er­a­tional con­trol of Vi­a­com18 Me­dia Pri­vate Lim­ited, the joint ven­ture be­tween TV18 Broad­cast and Vi­a­com Inc. TV18 will be ac­quir­ing 1% of Vi­a­com18’s equity from Vi­a­com Inc. for a cash con­sid­er­a­tion of US$ 20mn. Brand and Con­tent Li­cence agree­ment also has been ex­tended by 10 years

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