Network 18 Media & Investments’ associate company -- TV18 Home Shopping Network (HomeShop18) has raised a fresh round of funding from ‘Skyblue Buildwell’, a new investor. The existing shareholders namely: Network18 Media & Investments, SAIF Partners, GS Home Shopping South Korea, OCP Asia, CJO Shopping Company and Providence Equity Partners have not participated in this round.
After the investment, Skyblue holds 82.64% of HomeShop18, becoming the holding company and promoter of HomeShop18. With this investment, HomeShop18 has ceased to be a subsidiary of NW18 HSN Holdings Pic and an associate of Network18 Media & Investments. Accordingly, the Company is in the process of changing its corporate as well as brand name.
Network 18 Media & Investments leading full play media conglomerates with presence in television, print, internet, filmed entertainment, and mobile content and allied businesses.
