Reliance Broadcast Network has announced its proposal to acquire Imagine Showbiz Ltd, through a buy-out from Cinestar Advertising Pvt Ltd. This proposed acquisition by RBNL will include a 100% purchase of ISL's shareholding, along with other assets including Intellectual Property rights, Vast music library, Rich Bollywood content, High end technical expertise - including top of the line studios and equipment and Well spread distribution network.
Reliance Broadcast network to acquire Imagine Showbiz Ltd.