Network18 raises $25mn from SAIF Partners Network18 has raised $25mn from SAIF Partners. The company has issued upto 92,02,650 equity shares (or an equity linked convertible instrument) at a price of Rs 130 per equity share on a preferential basis to SAIF Partners. Network18 will convene an EGM (Extraordinary General Meeting) of the shareholders of the...
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Weblo.com to enter Indian market Weblo is a virtual world site where people are encouraged to deal in buying and selling of cities, and celebrities, and make money out of the content they share and upload online.For example, if a member wanted to buy a celebrity or a city, out of which...
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Reliance to buy Seventymm (then why the heck did they launch BigFlicks?) In its bid to expand its footprint in the entertainment business, Anil Ambani-controlled Anil Dhirubhai Ambani Group (ADAG) is negotiating a buyout of India’s largest online movie rental company Seventymm, which delivers video compact discs...
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