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Reliance Industries announces schedule for Network18 open offer

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MUMBAI: After announcing its open offer to acquire Network18 group’s public shareholding last week, Reliance Industries (RIL) has announced the schedule for the entire offer that will run between June and August.

 

12 June has been fixed for filing the Network18, TV18 and Infomedia draft letters with the securities and exchange board of India (SEBI) while 26 June has been fixed as the last date for competitive offer. Unless SEBI asks for additional information, it will give in its observations on the letters by 3 July. The identified date has been kept as 7 July.

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The public shareholders should receive the letters of offer by 14 July which can be revised till 15 July. The committee of independent directors of the three companies shall give their recommendation to shareholders of target company by 17 July. 18 July is when the offer of opening public announcement will be published in newspapers. Tendering period opens on 21 July and ends on 4 August.

 

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The last date for communicating the rejection/acceptance and completion of payment of consideration or refund of equity shares to the shareholders of the company is 20 August while the last date for publication of post-offer public announcement in the newspapers is 27 August.

 

A content licence agreement, dated 27 February 2012 was signed between Network18 and its subsidiary TV18 and Reliance Jio Infocomm, RIL’s subsidiary for content transmission through its 4G broadband network. Reliance Jio Infocomm shall have preferential access to its content on a first right basis.

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Rising Bharat Summit 2026 spotlights India’s global ascent

PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.

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MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.

Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.

Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.

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Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.

Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.

The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.

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Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.

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