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India Today plans to divest 15 per cent stake in TV Today

04-January-2001
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India Today plans to divest 15 per cent stake in TV Today

The India Today Group is planning to divest up to 15 per cent stake in its television venture TV Today Network Limited to a strategic investor for funding requirement. The group declined to comment on the amount of investment that would be brought in by the strategic investor. Part of the investment requirements would also be met through internal accruals and loans.

At present, Living Media holds 90 per cent and ICICI 10 percent in the 24-hour Hindi satellite news channel Aaj Tak.

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