What can be called the biggest equity investment in the Indian print media sector, 
Blackstone Group, a global private equity firm is investing $275 million (approx. Rs.12.38 billion) in Ramoji Rao's Hyderabad-based Ushodaya Enterprises Limited (UEL). UEL has a leading Telugu daily Eenadu and ETV network, under its umbrella. As per the agreement, Blackstone will have a representation on the UEL board. The deal has to get a green signal from the Foreign Investment Promotion Board and the I&B Ministry, and will put UEL’s enterprise value at $1.06 billion. While Ramoji Group will raise another $190 million through bank financing, Blackstone is reportedly also in talks with NDTV group for a stake in NDTV Networks.
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Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
Blackstone Group, a global private equity firm is investing $275 million (approx. Rs.12.38 billion) in Ramoji Rao's Hyderabad-based Ushodaya Enterprises Limited (UEL). UEL has a leading Telugu daily Eenadu and ETV network, under its umbrella. As per the agreement, Blackstone will have a representation on the UEL board. The deal has to get a green signal from the Foreign Investment Promotion Board and the I&B Ministry, and will put UEL’s enterprise value at $1.06 billion. While Ramoji Group will raise another $190 million through bank financing, Blackstone is reportedly also in talks with NDTV group for a stake in NDTV Networks.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2006
An IIPM and Management Guru Professor Arindam Chaudhuri's Initiative
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