 "Photo: Viacom18")
Lupa India, the investment company set up by Uday Shankar and James Murdoch, is in the final stages of picking up a 39 per cent stake in Viacom 18, which runs television and digital entertainment channels and is entering the sports business, say sources.
Viacom18 is currently a joint venture in which TV18 controlled by Reliance Industries Ltd, has a 51 per cent stake, and Viacom CBS has a 49 per cent stake. The company runs Color channels, Nickelodeon, India, Comedy Central India, VH1 India, MTV India, History TV 18 besides Viacom 18 Studios (which makes movies and other content), and OTT channel Voot. The news business is run by Network 18 which is a listed company of which TV
