Network18 founder-promoter Raghav Bahl has ended his role as an entrepreneur. He and his wife Ritu Kapur have exited their shareholding in the media companies as Mukesh Ambani’s Reliance Industries Ltd (RIL) has taken control of Network18 and TV18. In a letter to the employees of Network18, Bahl wrote: Yesterday, Ritu and I effectively ended our entrepreneurial leadership of N18 by agreeing to exit our shareholding. Bahl, however, will be around to ensure a smooth transition.
Read the Hindu Business Line news report here.