Adlabs buys Synergy
09-Sep-06
Adlabs buys Synergy
Adlabs Films, promoted by Anil Ambani’s ADAG group is acquiring 51 % stake in Siddharth Basu’s television production company Synergy Communications for an undisclosed amount. ADAG will use the Synergy platform to foray into TV business. Industry sources say the deal was struck at close to Rs 25 crore. The operational control will remain with the original promoters and Basu will be one of the prominent representatives of Adlabs in the television content business.
Synergy Communications produces the famous show Kaun Banega Crorepati.
