ComVentures buys 19.17% stake in India TV

ComventuresEarlier ComVentures have invested $20 million in an Indian TV – NDTV which I think is about 25% stake. Comventures, in its continuing spree of heavy investment in India have continued to buy another major stake option in India TV, a 24×7 Hindi news channel of Independent News Services Pvt. Ltd. The investment of over Rs. 50.96 crore (about $11.5 million) amounting to 19.17% stake in Independent News Services Pvt. Ltd. puts India TV worth to the tune of Rs. 250 crore.
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