Reliance's Takeover of Network 18: An Event Study
DOI:
https://doi.org/10.33516/maj.v50i3.46-49pAbstract
RIL, just by exercising its option, was able to increase its wealth by Rs5797.25 crore just from Network 18 Media and investments. Other than that it also added to its portfolio prominent names such as, Moneycontrol, Bookmyshow, IBNLIVE, to name a few. RELIANCE announced on 29/05/2014 that it will acquire Network 18 Media&Investments (hereby referred to as Network 18). The acquisition was said to have taken place through conversion of bonds which network 18 had sold to Reliance. The company was under huge debts and under pressure from its creditors to clear its debt. The company took loan Rs 4000 crores by issuing convertible debentures to Independent Media Trust an arm of Reliance Industries Limited (RIL).Downloads
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Published
2015-03-01
How to Cite
Varma, A., & Sharma, R. (2015). Reliance’s Takeover of Network 18: An Event Study. The Management Accountant Journal, 50(3), 46–49. https://doi.org/10.33516/maj.v50i3.46-49p
Issue
Section
Case Study
References
http://www.investopedia.com/university/greatest/benjamingraham. asp
http://www.investopedia.com/terms/e/eventstudy.asp
www.moneycontrol.com
https://in.finance.yahoo.com/q/hp?s=NETWORK18. NS
On regression based event study by SeppoPynnonen
Financial report Q2 2014: https://www.google.co.in/url?sa=t&rct=j&q=&esrc=s&- source=web&cd=5&ved=0CDc-QFjAE&url=http%3A%2F%2Fwww.network18online. com%2Freports%2FFinancial%2520Results%2F2014-15%2FQ2_FY15_N18_Investor_Update_Final.pdf&ei=yUVVVIGFHMicuQSh7YHYAQ&usg=AFQjCNEjAchpok46XgF4zZajzHXZgc6vAw&sig2=yFg0hRv-bRczvWcWFR8U_g&bvm=bv.78677474,d.c2E&cad=rja