TV9 Sold Out for a whopping price

Tv9_TeluguAccording to reports, Telugu Popular News channel TV9 Sold Out for a whopping price .

Telangana CM KCR’s close aide and real-estate baron Rameshwar Rao Jupally. Rameshwar Rao, the chairman of My Homes Constructions, has bought the majority stake of the channel for a whopping price . It was buzzed in media circles that Rameshwar Rao has reportedly bought the media channel for 650 cr.

The official announcement in this regard is yet to come out. TV9 also has a sister channel Telangana TV.

Venture capitalist Srini Raju of iLabs Venture Capital Fund has promoted the channel under the flagship of Associated Broadcasting Company (ABCL) that runs the TV9 regional channels.