Network18 Media & Investments Limited (NSEI:NETWORK18) agreed to acquire the remaining 48.83% stake in TV18 Broadcast Limited (NSEI:TV18BRDCST) for INR 43.8 billion on December 6, 2023. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to TV18 Broadcast Limited. BofA Securities India Limited acted as Financial Advisor to Network18.