MUMBAI: Network 18 Fincap Pvt Ltd (previously known as SGA Finance and Management Services Private Limited) has acquired 2,00,000 equity shares of Television Eighteen India Ltd ("TV18") from founder-promoter Raghav Bahl at Rs 650.25 per share.

The transaction was by way of block deal executed on the stock exchange, TV18 said. "Pursuant to the sanction to the Scheme of Arrangement by the Hon'ble High Court of Delhi, Network 18 Fincap Private has acquired 2,00,000 shares from Bahl," the company informed the NSE.