Reliance Industries Ltd.

Reliance Strategic Investments, a subsidiary of Reliance Industries, has bought a 1.14% stake in DEN Networks, one of the two listed cable distribution companies in India. As RIL has acquired interests in media firms dealing with content, it makes sense for the Mukesh Ambani-controlled group to invest in a distribution network now. RIL recently sold its stake in Ramoji Rao-promoted Eenadu regional channels to TV18 Broadcast, a subsidiary of media conglomerate Network18 Media & Investment. Through the deal RIL would have preferential access to the content of all the media properties of Network18 and its associates and its subsidiaries-these include digital media and the TV18 channels.