US based Scripps Networks Interactive Inc announced it will invest in India through a majority stake in the lifestyle unit of New Delhi Television Ltd. (NDTV) according to Reuters.
The Indian investment is worth $55 million and will give Scripps a 69 percent stake in NDTV Lifestyle and aligns with the company’s current global expansion strategy.
Scripps brand portfolio includes the Food Network, Fine Living Network and HGTV to name a few.
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