September 18, 2014 2:50 PM ET

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Company Overview of Reliance BIG TV Limited

Company Overview

Reliance BIG TV Limited provides digital television services in India. Its digital television service provides entertainment, movies, up-to-the-minute news, and programs. It also enables customers to purchase digital television packages online. The company was incorporated in 2005 and is based in Navi Mumbai, India. Reliance BIG TV Limited operates as a subsidiary of Reliance Communications Ltd.

4th Floor

B Wing

Dhirubhai Ambani Knowledge City

Navi Mumbai,  400710

India

Founded in 2005

Phone:

91 22 3033 8888

Key Executives for Reliance BIG TV Limited

Reliance BIG TV Limited does not have any Key Executives recorded.

Reliance BIG TV Limited Key Developments

Reliance Digital Reportedly Plans To Sell 80% Stake To Sun TV

Reliance BIG TV Ltd (Reliance Digital), a holly-owned subsidiary of Reliance Communications Ltd. (BSE:532712), is planning to sell over 80% stake to Sun TV Network Ltd (BSE:532733), controlled by Kalanithi Maran, report was quoted as saying. Reports said that the deal may be valued at around INR 25 billion.

Anil Ambani reportedly May Sell DTH To Maran

Anil Ambani is planning to sell Reliance BIG TV Ltd for about INR 2,500 crore. Discussions are in the final stage and the deal may be announced as early as within a month, sources said. Reliance Communications Ltd. (BSE:532712) operates DTH services. At present, RCOM is struggling with a debt of around INR 37,000 crore. "The deal will be part cash and part equity. Cash component, however, will form a major component," a source familiar with the developments said.

Sun Direct And Reliance Digital Reportedly To Merge Their DTH Businesses

Sun Direct TV Private Limited and Reliance Digital TV Ltd of Reliance Communications Ltd. are seeking to merge their DTH businesses, sources with direct knowledge said. Sun Direct and Reliance Digital are preliminary talks to merge their businesses into a single entity, sources added. Also, people in the know shared that promoters of Reliance Communications and the Sun Group met to discuss the deal. The deal is still at an initial stage and the valuations are yet to be finalized, but sources suggest that Sun Group is likely to own a majority stake in the merged company while Reliance Communications is likely to own less than 26% in the company. Sun Group has denied any such deal talks and Reliance Communications has declined to comment to ET Now.

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