Stalwart Advisors

Radio Sale Approved by Ministry

TV Today has got IB Ministry's approval to sell 4 out of 7 radio stations to ENIL i.e. Amritsar, Jodhpur, Patiala and Shimla.
The sale of Radio Stations at Delhi, Mumbai and Kolkata has not been approved since ENIL can't hold more than one radio license in a particular city.

We await for more clarity on plans to hive off these 3 radio stations.

BSE Filing
TV Today Network Ltd has informed BSE that in reference to the application filed by the Company with the Ministry of Information & Broadcasting (MIB), Government of India for the sale of its FM radio station to M/s. Entertainment Network India Ltd (ENIL), the Company has informed that the MIB vide letter dated July 20, 2015, has conveyed its approval for the sale of FM radio station in Amritsar, Jodhpur, Patiala and Shimla. Further the sale of Radio Stations at Delhi, Mumbai and Kolkata has not been approved since ENIL can't hold more than one radio license in a particular city.


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