Dina Thanthi takes over Metronation Chennai

14 Oct,2011

By A Correspondent

New Delhi Television Ltd. (NDTV) and Kasturi and Sons Ltd (KSL) have entered into an agreement to sell their respective stake in Metronation Chennai Television Ltd (MNC). The stakes have been sold off to Educational Trustee Company Pvt Ltd (ETCPL), promoters of Tamil Daily Dina Thanthi.

The deal is worth Rs 15 crore after the completion of which Metronation Chennai MNC will become a 100 percent subsidiary of ETCPL.

Metronation Chennai Television Ltd was a joint venture of NDTV and The Hindu wherein MNC operated and managed Chennai’s first and only city-specific English news and current affairs channel, NDTV Hindu.

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