Telecom giant Reliance Industries has decided to merge its media and distribution business. Apart from this decision, TV18, cable service providers DEN and Hathway may be merged into Network 18, owned by Reliance Industries. The merger has been approved in a collective meeting held on Monday, 17 February 2020. With this, Reliance Industries has become the largest media company in India after this trial. It is being said that after this merger, the annual revenue of Network 18 can be 8,000 crores.
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Apart from this, officials of TV18 Broadcast, Hathway Cable, DEN Network and Network 18 were present in the meeting held on 17 February. After this meeting, Reliance said that after this news and entertainment conclave, India's largest cable distribution network Bringing everyone under one roof will increase the capacity of everyone. At the same time, all stakeholders can benefit from it.
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After this trial, Reliance can compete with groups like Zee Group and Sun TV Network. After this merger, Network18 will get 92 shares in exchange for 100 shares of TV18 Broadcast. For 100 shares of Hathway Cable, 78 shares of Network 18 can be found. At the same time, 100 shares of DEN Network will get 191 shares.
