Hinduja Group To Buy Out Cable Video India

The Hinduja group is acquiring the balance 49 per cent stake in its movie channel subsidiary Cable Video India Ltd (CVIL), which owns the CVO channel, as a step towards consolidating the business of its media companies.

Currently, Hinduja TMT, along with its media holding subsidiary IN Network Entertainment, holds a 51 per cent stake in the company with the balance being held by Asia Vision Entertainment and its associates.