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Anil Ambani in talks to sell broadcasting business for Rs. 1200 crore

Anil Ambani is in talks to sell his FM radio broadcasting business to a media conglomerate for INR₹ 1,200 crore. Reliance Broadcast Network Ltd. plans to first sell a 24% stake to a unit of Jagran Prakashan Ltd. before a complete disposal in staggered transactions. The sale needs to be done in stages as per […]