Something about Rs 500 crores these days…the number is in fashion. First Naukri.com parent decides to raise the amount, and now Global Broadcast News Ltd., parent of CNN-IBN and IBN-7 and part of Network18 Group, has received permission from the government to induct up to 26 percent foreign direct investment (including foreign institutional investors). The clearance from FIPB came in a meeting on Dec 14th, reports Indiantelevision.

SEE ALSO: Network18 To Invest $90.5 Million In JV With Viacom

GBN had raised Rs 105 crores from the capital market with an IPO early this year, and had earlier taken board approval to raise capital up to $200 million by way of international offerings.