Oswal Green Tech Acquires 14.17% Stake In NDTV (21-Dec-2011)
Oswal Green Tech has acquired 14.17% stake in New Delhi Television (NDTV) in two separate block deals. The company has bought 91,36,894 equity shares of NDTV from the investment arms of Merrill Lynch and Nomura Capital. While Merrill Lynch Capital Markets Espana sold 5,106,518 shares of NDTV, Nomura Mauritius sold 4,030,376 shares, according to information made available to the exchange.
New Delhi Television (NDTV) operates as a television media company in India and internationally. Its channels offer news and current affairs, lifestyle, entertainment, and youth programs, as well as family and realty shows, chat shows, and period dramas. It runs news and entertainment channels under the same brand.
Oswal Green Tech formely known as Oswal Chemicals & Fertilizers is engaged in the business as importers of synthetic and wool wastes.
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