Anil Ambani’s Reliance ADA Group Sells TV and Radio Businesses to Zee

Read on: Variety

Anil Ambani’s Reliance ADA Group is to further cut back its involvement in the Indian media and entertainment industry. In two transactions with a total value of some $283 million, Reliance Capital will sell the entirety of its remaining TV business to Zee Entertainment and a 49% stake in FM radio operations to Zee Media.... Read more »