Japanese advertising agency Dentsu is in advanced talks to buy out digital advertising agency and consulting firm Webchutney. Network18, which holds 70.06% stake in the Sidharth Rao-promoted Webchutney Studios, is looking to exit. The deal size is estimated at between Rs.40-60 crore for Network18's stake . Network18 had invested in Webchutney through its investment arms, Capital18 Ltd and Capital18 Fincap. The promoters of Webchutney will continue to hold their stakes.
From the Venture Intelligence PE Deal database: In November-2007 Capital18 had invested $2.13 M in Webchutney.
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