Reliance Capital Buys 18% Of Bloomberg UTV

Posted Jun 19, 2010

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]