Sambhaav Media Limited (BSE:511630) agreed to acquire 14.92% stake in Gujarat News Broadcasters Pvt. Ltd for INR 11.9 million on March 18, 2023. The consideration is paid in cash.

Acquisition of 720025 equity shares of face value of INR 10 each, equivalent to 14.92%. For FY2022 Gujarat News Broadcasters has a turnover of INR 159.607 million. The transaction is expected to complete Within a period of 30 days.