Acquisition of Network18, a leading player in the digital space, by Independent Media Trust

Mumbai, 29 May, 2014

The Board of Reliance Industries Limited (“RIL”) today approved funding of upto Rs. 4,000 crore to Independent Media Trust (“IMT”), of which RIL is the sole beneficiary, for acquisition of control in Network 18 Media & Investments Limited (“NW18”) including its subsidiary TV18 Broadcast Limited (“TV18”) and the Open Offers to be made consequent to the acquisition.

NW18 is the owner of a suite of premier digital internet properties, e-commerce businesses and differentiated broadcast content.

IMT would use the funds to acquire control over NW18 and TV18 resulting in ownership of about 78% in NW18 and 9% in TV18 and to acquire shares tendered in the Open Offers. Further, in terms of SEBI (Substantial Acquisition and Takeover Regulations), 2011, IMT would be making Open Offers to public shareholders for acquisition of equity shares of NW18, TV18 and Infomedia Press Limited. IMT would be simultaneously making the Public Announcement under Takeover Regulations. RIL would be a Person Acting in Concert to the Open Offers.

This acquisition will differentiate Reliance’s 4G business by providing a unique amalgamation at the intersect of telecom, web and digital commerce via a suite of premier digital properties.

This suite includes In.com, IBNLive.com, Moneycontrol.com, Firstpost.com, Cricketnext.in, Homeshop18.com, Bookmyshow.com; the broadcast channels include Colors, CNN IBN, CNBC TV18, IBN7, CNBC Awaaz.

News

Business News

CNBC – TV18
CNBC Awaaz
General News –
CNN-IBN
IBN7

Regional News –

ETV MP, UP, Rajasthan, Bihar, Urdu, Kannada, Bangla, Haryana

Entertainment –

Colors
Rishtey
MTV
MTV Indies
Vh1
Nick
Sonic
Comedy Central
ETV Marathi
ETV Gujarati
ETV Oriya
ETV Bengali

Film Production

Famous Titles – Bhag Milkha Bhag, Queen , Madras Café, Bombay Talkies, Special 26, Sons of Sardaar, Kahaani, Singh is King ,OMG , Gangs of W’pur

Distribution and Aggregation

Distribution of –
ETV,
TV18,
Viacom18

Channels –
ETV Telugu
ETV Andhra Pradesh
ETV Telangana

Portal Business

Operates and manages web portals

Popular sites –
In.com
Ibnlive.com
Moneycontrol.com
Firstpost.com
Burrp
News18

E-Commerce

Engaged in selling products through portal and TV Channel

Brand –
HomeShop18

Publishing Business

Engaged in Publishing and Distribution of magazines

Popular Magazines

Forbes
Overdrive
Chip
Entrepreneur
Auto Monitor
Modern Pharma

Investments

Financial Investments in start ups and other companies

Bookmyshow.com
Yatra.com
Ubona – Mobile VAS
Stargaze – Multi screen theatre
Colosceum –
Production House
Topper channel for kids