Promoter Reclassification19 Jun 2026, 08:40 pm
Entertainment Network India: MIB Approves Promoter Shareholder Change
AI Summary
Entertainment Network (India) Ltd has received approval from the Ministry of Information and Broadcasting (MIB) for a change in its 'Largest Indian Shareholder'. This change involves transferring the status from Bennett Coleman and Company Limited (BCCL) to its wholly owned subsidiary, Times Horizon Private Limited (THPL). This follows previous disclosures regarding a reorganisation involving BCCL and THPL through a scheme of arrangement. The MIB's approval, dated June 19, 2026, formalizes this shift in promoter shareholding structure.
Key Highlights
- MIB approves change in Largest Indian Shareholder.
- Shareholder status shifts from BCCL to THPL.
- THPL is a wholly owned subsidiary of BCCL.
- Approval follows prior disclosures on reorganisation.
- Formalizes promoter shareholding structure change.
Price Impact
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