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Private Equity | 3 December 2012

Samara Capital To Buy Network18's Stake In NewsWire18

by Paritosh Gajjar
Samara Capital To Buy Network18's Stake In NewsWire18
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Network18 Media and Investments is set to sell its stake in NewsWire18 to PE firm Samara Capital.

Network18 has a majority shareholding in the company.

The stake sale will be done at a price R90 Cr and is in line with the company’s plan of focusing on core business of television and digital, inwardly monetizing the non-core assets.

BMR Advisors acted as the sole transaction advisor to Network18 and Finsight Financial Advisors assisted NewsWire18 on the transaction.

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