NDTV, the New Delhi Television Ltd., has decided to sell major part of its indirect holdings in its NDTV Imagine Ltd. for a whopping $117 million. The stakes were held by the subsidiary of NDTV, the NDTV Networks plc. NDTV is to sell about 76 per cent for about $67 million and an additional fresh issue of $50 million worth of equity shares. It has been reported that NDTV was to retain about 5 per cent stake of the channel ahead of issuing the fresh shares as per the agreement with the company Turner Asia Pacific.

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