TV18 Broadcast, Network18 up on Viacom18's BCCI media rights win

Network18 Media & Investments

01/09/2023 10:20

** Shares of TV18 Broadcast  TVEB.NS  and Network18 Media &
Investments  NEFI.NS  rise as much as 7.08% and 7.97%,
respectively
    ** Viacom18 wins BCCI's media rights for international and
domestic cricket from Sept. 2023 to Mar. 2028  urn:newsml:reuters.com:*:nL4N3AC3H0
    ** Viacom18 is a JV between the unit of billionaire Mukesh
Ambani-owned Reliance Industries  RELI.NS  -  Network18 Group -
and Paramount Global
    ** TVEB and NEFI are among top gainers in media index
 .NIFTYMED  which is up over 0.5%   
    ** More than 28.5 mln shares of TVEB traded by 2:20 p.m.
IST, 1.6x the 30-day avg  
    ** More than 8.2 mln shares of NEFI change hands, 3.4x the
30-day avg     
    ** TVEB and NEFI stock up 33% and 7% YTD respectively,
compared with media index, which is up 15.7%


 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))