After exiting the movie exhibition business by selling Big Cinemas to the Carnival Group in 2014, Anil Ambani is now looking to monetise the broadcast business. Sources close to the company have revealed that the younger Ambani brother's broadcast arm, Reliance Broadcast Network, is in advance level talks with potential buyers for the television and radio business to make a partial exit. The company, headed by Tarun Katial, is looking to divest around 40 per cent stake in the broadcast (TV...
RBNL in talks with firms for stake sale
RBNL in talks with firms for stake sale