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NDTV says Com Ventures will invest in U.K. unit

NDTV says Com Ventures will invest in U.K. unit
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First Published: Mon, Mar 12 2007. 02 23 PM IST
Updated: Mon, Mar 12 2007. 02 23 PM IST
BLOOMBERG
NEW DELHI: New Delhi Television Ltd., India’s biggest news broadcaster by sales, signed an agreement with Com Ventures V.I. L.P. to draw funds to the company’s media operations in the U.K.
Com Ventures will invest $20 million in NDTV Networks Plc., the New Delhi-based broadcaster said in a regulatory filing with the Bombay Stock Exchange today.
The terms of Com Ventures’ investment in the company, which runs two English television stations and one Hindi language channel in India, weren’t immediately disclosed.
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First Published: Mon, Mar 12 2007. 02 23 PM IST