Reliance Broadcast Network Ltd (RBNL), an arm of billionaire Anil Ambani’s Reliance Group, is in talks with private equity (PE) firms to sell a stake in its 92.7 Big FM radio network —part of a broader effort by the group to reduce debt on its books.
Negotiations are underway with the local units of Providence Equity Partners Llc and T.A. Associates Management Lp, both based in the US, and Samara Capital and IDFC Alternatives Ltd, the PE arm of infrastructure financier IDFC Ltd, a top RBNL...
Reliance Broadcast in talks to sell Big FM stake
Negotiations are underway with the local units of Providence Equity Partners Llc and T.A. Associates Management Lp, both based in the US, and Samara Capital and IDFC Alternatives Ltd, the PE arm of infrastructure financier IDFC Ltd, a top RBNL...
Reliance Broadcast in talks to sell Big FM stake