Monday, November 29, 1999

Reliance Capital to buy 18 pct in Bloomberg UTV

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Reliance Capital , part of billionaire Anil Ambani's conglomerate, said on Wednesday it agreed to buy 18 percent in Bloomberg UTV, a business news channel.Financial details of the deal were not disclosed.Bloomberg UTV is a partnership between news and financial data publisher Bloomberg L.P. and the founders of UTV, an Indian media and entertainment group.(Reporting by Pratish Narayanan; Editing by Unnikrishnan Nair)(For more business news on Reuters India click
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