NDTV sells 7.38% stake in unit to landlord of Delhi office
Media firm NDTV has sold 7.38% stake in subsidiary Red Pixels Ventures to A R Chadha And Co, the landlord of its office premises in New Delhi. NDTV holds about 37.04% stake of the Red Pixels Ventures. The sale proceeds will be utilised by the company to meet working capital requirements and pay outstanding rent.