iLabs looks to exit 35% stake in Indian broadcasting network
Indian VC firm iLabs Venture Capital Fund, sponsored by businessman Srini Raju, is negotiating with private equity firms to offload a 35% stake in its television network Associated Broadcasting Company (ABCL), which runs the TV9 regional channels, according to the Business Standard.
iLabs is looking to decrease its stake in the asset from 60% to 25%, the Standard reported, and has received proposals from outside funds for the stake. None are being seriously considered at this preliminary...
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