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RTL Group and Reliance Broadcast Network signs joint venture agreement

Reliance Broadcast Network has announced that the company through its wholly owned Subsidiaries has completed its final negotiations with RTL Group S.A. (RTL), a company incorporated in Luxembourg and executed the joint venture agreement in connection with owning and/or operating a bouquet of several english language thematic channels in India through an equally owned joint venture company (JVCo), which will be a limited liability company incorporated in India.

The company (through its subsidiaries) and RTL will have an equal participation through 50:50 investments in the JVCo. This investment is subject to obtaining clearance from the concerned Regulatory Authorities.

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