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Phoenix advises Arnab on buyback of Republic TV shares from Poovayya-client Asianet

“Arnab Goswami has repurchased Republic TV shares from Asianet, putting it on track to become an Editor-run news channel. The two-year old broadcaster is now valued at a whopping Rs 1,200 crore. Since its launch in May 2017, Republic TV has retained the leadership position among English News channels, completing 100 weeks as No 1, according to a press release by Jupiter Capital Pvt Ltd,” reported The Financial Express.

Poovayya & Co advised Asianet News Media and Entertainment Private Limited led by a team of partner Siddhartha George and Rohan Kumar, with senior associate Amit Kiran.

Phoenix Legal acted as legal advisor to Republic TV and its promoter Arnab Goswami, led by partner Saket Shukla and principal associate Aditi Sharma.

2019-05-06

Deal value: Confidential

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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