wordpress blog stats
Connect with us

Hi, what are you looking for?

Network18 Sells Stake in NewsWire18 For Rs 90 Cr To Samara Capital

Network18 has inked a definitive agreement with the private equity firm Samara Capital to offload its entire stake in its financial data and news terminal business NewsWire18 for Rs 90 crore.

The company noted that this divestment is in line with its strategy of offloading non-core assets profitably to focus on its core television and digital business and stated that BMR Advisors acted as the sole transaction adviser to Network18.

As per the agreement, Network18 stated that NewsWire18 will be rebranded over the next 90 days and this transaction is expected to add Rs 70 crore to its consolidated pre-tax profit for the current quarter. Network18 was previously the majority stakeholder in NewsWire18 and held 77.5% stake in the company as of March 31, 2012, as indicated by the Network18’s 2012 annual report.

NewsWire18 provides real time financial news and data terminal services under the brand NewsWire18 WorkStation and offers news and market data platforms for different market segments including fixed income and foreign exchange, equities, commodities, mutual funds among others. It includes data and products from various stock exchanges, third party data vendors and Morningstar Plc (erstwhile Tenfore Pvt. Ltd). The company also claims to provide data feeds for real-time financial and economic data & news which includes corporate and macroeconomic data and related services.

Other products offered by NewsWire18 include Excel based add-ins NW18 MarketWatch and StockScreener, a customized news-only product NewsFlash, a browser based workstation iStation, and a messenger product NW18 Messenger – iPresence. As for clientele, NewsWire18 claims to have most of the mutual funds, insurance companies and almost all commercial banks operating in India as its customers.

Advertisement. Scroll to continue reading.

NewsWire18 was incorporated in September 2006 as Livewire Motion Pictures Private Limited. It became Network18’s subsidiary in November 2006 and rebranded to the current avatar in December 2006. In March 2007, NewsWire18 acquired the staff and business of Crisil Market Wire Limited, which the company claims to be India’s first real-time financial news agency and market data platform company. Following this acquisition, Pankaj Aher, the CEO of Crisil Market Wire took over as the CEO of NewsWire18 and the entire Crisil Market Wire team continued in the same capacity in NewsWire18.

NewsWire18 Financials: For the quarter ending September 30, 2012, NewsWire18 had reported revenues of Rs 12.54 crore, which was marginally up from Rs 11.2 crore revenues in the same quarter last year. For the entire fiscal 2012, NewsWire18 had reported revenues of Rs 44.8 crore, up 12.56% from Rs 39.8 crore revenues in FY11.

Other Divestments: In March 2012, Network18 had sold its entire stake in one of its Capital18 investee NetworkPlay to Gruner + Jahr, a media company which is a part of Germany’s Bertelsmann group. Following this, Network18 had also diluted its stake by 20% in movie and event ticketing website BookMyShow, when it raised Rs 100 crore from Accel Partners in August 2012.


Network18 Reports Rs 37.7 Cr Loss In Digital & E-Commerce For Q2-FY13
Web18 FY12 Revenue Up 14% To Rs 99.4 Cr; HomeShop18 Up 26% To Rs 89.6Cr; Metrics
Network18 & TV18 File For Rights Issue Following RIL Deal

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ