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