TV18 Broadcast Limited (BSE:532800) signed a definitive agreement to acquire additional 1% stake in Viacom 18 Media Private Limited from MTV Asia Ventures (India) Pte Ltd for $20 million on January 31, 2018. The deal value is payable in cash. Pre deal, TV18 Broadcast Limited held 50% and post deal will hold 51% stake in Viacom 18 Media Private Limited. The deal is expected to be completed within next 30 days.