 In Jan 2012, there was a large investment by Mukesh Ambani's Reliance Industries in a complex deal that offered a possibility that Ambani-held Independent Media Trust (IMT) might eventually gain a controlling interest.In July 2014, the ownership was transferred to Independent Media Trust.On 29 May 2014, RI announced it would be acquiring control in Network 18 Media & Investments Ltd, including its subsidiary TV18 Broadcast Ltd.