TV18 Broadcast, Hathway, Den Networks merger into Network18 called off
Image Credit: shortpedia
The merger of Den Networks, TV18 Broadcast, and Hathway Cable & Datacom with Network18 Media has been canceled. This comes after Mukesh Ambani-led Reliance Industries Limited called off the transaction. Den said that it was not going to proceed with the composite scheme of arrangement in which it was to merge with Network18 Media. Their merger was announced last year.