For Rs 5,230 cr, Mukesh Ambani led Reliance Industries to buy Den Networks, Hathway Cable
In a statement today, while outing its second quarter results, RIL revealed that it will make a "primary investment of Rs 2,045 crore through a preferential issue under SEBI regulations and secondary purchase of Rs 245 crore from the existing promoters for a 66 per cent stake in DEN".
RIL revealed what has already hit headlines - that it will buy a majority stake in both Den Networks and Hathway Cable and Datacom. Image source: Twitter