Raghav Bahl will soon begin his second innings as a TV news media owner.
After selling the media empire that he created to Mukesh Ambani’s Reliance Industries due to a biting debt, he is back again to launch an English business news channel with New York-based Bloomberg LP as a partner.
Bahl will own 74% stake in the venture while Bloomberg will hold the balance 26%, a source confirmed.
Why didn’t Bloomberg decide to own 49% stake? “That will be the shareholding to start with,” the...
Raghav Bahl to own 74% in JV with Bloomberg & new hindi bussiness channel launching
After selling the media empire that he created to Mukesh Ambani’s Reliance Industries due to a biting debt, he is back again to launch an English business news channel with New York-based Bloomberg LP as a partner.
Bahl will own 74% stake in the venture while Bloomberg will hold the balance 26%, a source confirmed.
Why didn’t Bloomberg decide to own 49% stake? “That will be the shareholding to start with,” the...
Raghav Bahl to own 74% in JV with Bloomberg & new hindi bussiness channel launching