Mumbai: NDTV group and NBC Universal have successfully concluded their strategic partnership initiative for the NDTV Networks business. By a subscription of shares for $150 million, NBC Universal now has an effective indirect stake of 26% in NDTV Networks PLC.

NBCU has the option in two years to increase their stake, at the then fair market value, in the holding company of Networks PLC to 50% with NDTV group holding an equal 50% stake.

The NDTV-NBCU strategic partnership in the Networks businesses is a coming together of two leading professional media organizations with similar ethics and goals and promises to be a major force in the media scene in India and beyond.