Derive Investments, an investment company run by Radhakishan Damani has bought 1.3 million shares representing 2.18% stake in TV Today Network at Rs 196 on the BSE. However, Reliance Capital has sold part or 1.51 million shares of the company at Rs 196.07 on BSE. As of September 30, 2014, Reliance Capital held 2.77 million or 4.64% stake in the company.
TV Today Network (TVTN) operates news channels and is promoted by Living Media India (LMIL). The latter had been conducting news broadcasting business through one of its divisions, 'TV Today Division' since 1994. TV Today Division has now been transferred to TVTN. It runs 24 hours news & current affairs channels, namely, 'Aaj Tak', ‘Tez’ and ‘Delli Aaj Tak’ in Hindi and 'Headlines Today' in English.
