Deals16 Nov 2025, 02:31 pm
Entertainment Network (India) Ltd. to Transfer Assets of 3 Radio Stations to Abhijit Realtors & Infraventures Private Limited for Rs. 12.60 Crore
AI Summary
Entertainment Network (India) Ltd. has approved a proposal to transfer and vest tangible and intangible assets relating to three FM Radio Stations - Kanpur 91.9 FM, Lucknow 107.2 FM and Nagpur 91.9 FM - to Abhijit Realtors & Infraventures Private Limited for a total consideration of Rs. 12.60 Crore. The transaction is expected to be completed by 30 September 2026, subject to the execution of definitive documents, regulatory approvals and fulfilment of conditions precedent. The turnover of the three radio stations in FY 2024-25 was Rs. 284.90 lakhs, contributing 0.55% to the total turnover of the Company. The net worth contribution is negligible.
Key Highlights
- Entertainment Network (India) Ltd. to transfer assets of 3 radio stations to Abhijit Realtors & Infraventures Private Limited
- Transaction consideration is Rs. 12.60 Crore plus applicable taxes
- Expected completion date is 30 September 2026
- Turnover of the 3 radio stations in FY 2024-25 was Rs. 284.90 lakhs (0.55% of total turnover)
- Abhijit Realtors & Infraventures Private Limited is not a related party of the Company