SBI Life Insurance Company has purchased 3,066,000 shares of TV18 Broadcast in an open market transaction on October 17, 2012. The shares were bought at Rs 27.50 a piece on National Stock Exchange (NSE).
TV18 Broadcast formerly IBN18 Broadcast owns and operates one of India's leading 24-hour English language news and current affairs channel, CNN IBN. TV18 Broadcast is focused on producing high quality news programming and to capture news and events around the world.