Reliance Broadcast Network (RBNL) has completed its final negotiations with Reliance BIG Entertainment (RBEPL), a group company and executed a business undertaking transfer agreement in connection with acquisition of 'BIG Productions' a business undertaking / division of RBEPL. The company has acquired BIG Productions as a going concern on a slump sale basis effective from April 01, 2011.
Recently, RBNL, through its wholly owned subsidiaries had completed final negotiations with RTL Group S.A. (RTL), a company incorporated in Luxembourg and executed the joint venture (JV) agreement in connection with owning and/ or operating a bouquet of several English language thematic channels in India through an equally owned JV company, which will be a limited liability company incorporated in India.
“BIG Productions' is engaged in the business of production of content for telecast on television by different broadcaster.
