Striving to expand its investment in media companies, the Anil Ambani Group has increased its stake in TV Today Network to over 10 per cent by acquiring an additional 0.96 per cent stake for an estimated Rs 6.50 crore (Rs 65 million).

In an open market transaction that was carried out on February 12, ADA Group company Reliance Capital's subsidiary Sonata Investments bought 5.57 lakh (557,000) shares, taking its shareholding in the media company to 10.27 per cent representing 59.57 lakh (5.957 million) shares, a TV Today regulatory filing on the National Stock Exchange shows.

Going by the intra-day high of TV Today at Rs 116.85 on February 12, Sonata Investments could have bought the shares for approximately Rs 6.50 crore.

Sonata Investments previously held 54 lakh (5.4 million) shares in TV Today, representing a 9.31 per cent stake.

Early this week, Anil Ambani group company Reliance Capital had acquired over six per cent stake in Global Broadcast News Ltd, for an estimated Rs 87 crore (Rs 8.7 million).

After the said transaction, Reliance Capital holds 6.27 per cent of the equity share capital of GBN.