Disney more than doubles its stake in India's UTV

By 2008-02-18T14:38:00

At the same time, Disney has also acquired a 15% stake in UTV Global Broadcasting Limited (UGBL) worth $30m (Rs1.19bn). UTV will also invest $60m (Rs2.4bn) for a 75% stake in UGBL. The remaining 10% will continue to be held by UTV founder Ronnie Screwvala's Promoter Group.

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