tv18 broadcast -network18 media merger: Network18 Group to consolidate TV, digital ops; merge TV18 Broadcast with Network18 Media
Under the proposed merger scheme, shareholders of TV18 Broadcast will get 100 shares of Network18 Media for every 172 shares held in the former. Shareholders of E18 will receive 19 shares of Network18 Media for every 1 share held in the former.
Source: indiatimes.com