Aug 31

Reliance Broadcast to raise INR 3-4 billion

Yes Bank has been appointed by India’s Reliance Broadcast Network (RBNL) to help the group raise between INR 3-4 billion through a variety of investment mechanisms, according to Indiantelevision.com.

The decision is to facilitate both expansion and repayment of debts, of which RBNL has a reported INR 1.2 billion.