Reliance's Takeover of Network 18: An Event Study

Authors

  • Ashish Varma IMT Ghaziabad
  • Rahul Sharma IMT Ghaziabad

DOI:

https://doi.org/10.33516/maj.v50i3.46-49p

Abstract

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).

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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

Volume 50, Issue 3, March 2015

Section

Case Study
Crossref
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Europe PMC

References

http://www.investopedia.com/university/greatest/benjamingraham. asp

http://www.investopedia.com/terms/e/eventstudy.asp

www.moneycontrol.com

http://timesofindia.indiatimes.com/business/india-business/RIL-buys-Network18-group-for-up-to-Rs-4000-crore/articleshow/35754576.cms

https://in.finance.yahoo.com/q/hp?s=NETWORK18. NS

http://www.livemint.com/Companies/Vpo4RrEprzzs-FI7xGJw3OP/RIL-to-acquire-control-of-Network-18-spend-Rs4000-crore.html#nav=most_read

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