1,200 crore Republic: Arnab Goswani repurchases from Asianet News; Phoenix, Poovayya representMay 8 2019
Arnab Goswami has repurchased Republic TV shares from Asianet News. The two-year-old broadcaster is now valued at a whopping Rs 1,200 crore.
Phoenix Legal advised Republic TV and the promoter group with a team led by Partner Saket Shukla along with Principal Associate Aditi Sharma.
Poovayya & Co. acted for Asianet News and the team was led by Partners, Siddhartha George and Rohan Kumar, along with Senior Associate, Amit Kiran.
The Press release also claimed that Republic TV has completed 100 weeks as the No. 1 English News in India and diversified into Hindi News. Jupiter Capital is financial services and investment company, and Asianet News is one of its portfolio companies.
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