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No dilution of stake by TV-18 in CNBC India

24-May-2001
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No dilution of stake by TV-18 in CNBC India

Television Eighteen Limited will not dilute 20 per cent equity stake in CNBC India in favour of Sony Entertainment TV (SET). A new deal in this regard is likely to be finalised within a month.

According to cable and satellite TV industry sources, both TV-18 and SET India are negotiating a new deal under which TV-18 will not dilute its stake in CNBC India from 49 per cent as the brand equity of the channel has increased phenomenally. In return, TV-18 will give a commitment to keep the channel within the Sony bouquet for a longer period of six to seven years.

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