Reliance Capital Buys 18% Of Bloomberg UTV

Reliance Capital has acquired 18% of Bloomberg-UTV.  Now Bloomberg owns 15% of Bloomberg UTV and UTV founders own 67%.  Bloomberg UTV is a partnership between Bloomberg and UTV founder Ronnie Screwvala.  UTVi was rebranded to Bloomberg UTV after Bloomberg bought a 15% stake around October 2009. [VCCircle]

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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