Shyam Equities picks up 20% in INS

New Delhi: Bangalore-based Shyam Equities Pvt Ltd has acquired 20 per cent stake in Independent News Service Pvt Ltd (INS), the holding company of India TV for Rs 100 crore. The investment takes the Rajat Sharma-led INS’ enterprise valuation to Rs 500 crore, the company said in a release.

The company’s blueprint, said Mr Sharma, included large investments in key strategic areas beyond India TV, which includes “a bouquet of channels, a distribution blitz in key international markets, and a significant entry into non-news and non-television media.”