Mumbai: Standard Chartered Private Equity Ltd (SCPEL) will be investing around $11 million in New Delhi Television (NDTV), the television broadcasting company.
SCPEL is the global private equity arm of Standard Chartered Bank, based in Singapore. NDTV has entered into an agreement with SCPEL, which is subject to regulatory approvals and other closing conditions, a press release issued by Lazard India said. Lazard India acted as an advisor to NDTV for the transaction.
Following this transaction, NDTV will look at an 'accelerated' growth through expansions and acquisitions, according Lazard India chairman Udayan Bose.