Entertainment Network India to Transfer Assets of Three Radio Stations
Filing Summary
Entertainment Network (India) Ltd has announced a proposed transfer of assets related to three FM radio stations to Abhijit Realtors & Infraventures Private Limited. The stations involved are Kanpur 91.9 FM, Lucknow 107.2 FM, and Nagpur 91.9 FM. The transaction is valued at Rs. 12.60 Crore, with Rs. 3.00 Crore payable upon execution of the term sheet. Completion is expected by 30 September 2026, pending regulatory approvals. The stations contributed Rs. 284.90 lakhs to the company’s turnover in FY 2024-25, representing 0.55% of total revenue.
Entertainment Network (India) Ltd has disclosed a proposal to transfer and vest tangible and intangible assets of three FM radio stations to Abhijit Realtors & Infraventures Private Limited. The stations involved in this transaction are Kanpur 91.9 FM, Lucknow 107.2 FM, and Nagpur 91.9 FM. This decision was approved by the Committee of Directors on 16 November 2025, as per the company’s filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.
The financial terms of the proposed transaction involve a total consideration of Rs. 12.60 Crore. An initial payment of Rs. 3.00 Crore will be made at the time of executing the term sheet, with the remaining amount to be paid in tranches before the closing of the transaction. The turnover from these radio stations for the financial year 2024-25 was Rs. 284.90 lakhs, accounting for 0.55% of the company’s total turnover. The net worth contribution from these stations is noted as negligible.
The scope of the transaction includes the transfer of all tangible and intangible assets related to the identified radio stations, excluding any trademarks or other intellectual property rights owned by Entertainment Network (India) Ltd. The completion of the transaction is contingent upon the execution of definitive documents, approval from the Ministry of Information and Broadcasting, and the fulfillment of other mutually agreed conditions precedent.
The proposed transaction is expected to be completed on or before 30 September 2026, subject to the necessary regulatory approvals and conditions. The agreement for sale has not yet been finalized, as definitive documents are pending execution. The transaction does not involve any change in the shareholding pattern of the company.
Abhijit Realtors & Infraventures Private Limited is engaged in the business of real estate, radio, and entertainment. The company was incorporated on 14 September 2007, with an authorized capital of Rs. 3.00 crores and a paid-up capital of Rs. 2.70 crores. Abhijit Realtors does not belong to the promoter or promoter group of Entertainment Network (India) Ltd.
Entertainment Network (India) Ltd is a prominent player in the Indian media and entertainment industry, focusing on radio broadcasting. The company is part of the Times Group and operates under the brand name “Radio Mirchi.” It continues to explore strategic opportunities to optimize its asset portfolio and enhance shareholder value.