Top Story


Home >> Digital >> Article

Network18 divests stake in Webchutney

Font Size   16
Network18 divests stake in Webchutney

Network18 Media & Investments has announced that its venture capital arm Capital18 has entered into an agreement with Dentsu India Group to divest its stake in digital agency Webchutney. This is in line with its stated objective of profitably monetising investments to create value for the shareholders of Network18.

Capital18 was a majority shareholder of Webchutney and the investment has generated a return of over 300 per cent.

Commenting on the transaction, Raghav Bahl, Managing Director, Network18 said, “The divestiture of Webchutney is a reflection of our commitment to profitably monetise our investment portfolio for the benefit of our shareholders and to also facilitate the growth of these businesses to the next level.”

Bryan, Garnier & Co acted as the sole advisor to Capital18 and other selling shareholders.

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO

The campaign film features PV Sindhu, Saina Nehwal, Kidambi Srikanth and Indian badminton mavericks, HS Prannoy, Ashwini Ponappa, Sai Praneeth, and Ajay Jayaram

We list a few important stories that you may have missed in the week gone by