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Tuesday, May 15, 2007
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Reliance Capital picks 5% stake in Network 18

Our Bureau

Mumbai May 14 Reliance Capital Ltd of Anil Dirubhai Ambani group has acquired 25.55 lakh shares (5.02 per cent) of Network 18 Fincap through an open market transaction on May 10. This information has been provided by Network 18 Fincap to Bombay Stock Exchange on Monday.

Last month, Reliance Capital had made an open offer to the TV Today Network shareholders to purchase a maximum of 1.16 crore equity shares at Rs 130.50 per share.

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