Comments
Venture capital firm Accel Partners has invested Rs 100 crore to buy a minority stake in Big Tree Entertainment Pvt Ltd, which runs entertainment ticketing Web site BookMyShow.
This was done through a mix of primary infusion of capital and secondary sale of shares by existing investor Network18 Media and Investments.
Before the stake sale, Network18 Media and Investments held 60 per cent stake in Big Tree, which has now shrunk to 40 per cent.
Earlier during the year, Network18 sold its stake in one of the Capital18 investee companies, NetworkPlay to Bertelsmann.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.