Promoter Reclassification1 Sept 2026, 06:11 pm
THPL Becomes Promoter of ENIL Post BCCL Restructuring
AI Summary
Entertainment Network (India) Ltd (ENIL) announced that Times Horizon Private Limited (THPL) has become a promoter following a scheme of arrangement with Bennett, Coleman & Company Limited (BCCL). Effective September 1, 2026, THPL acquired BCCL's non-publishing business, including its 71.15% stake in ENIL. This restructuring involved demerging ENIL's shareholding from BCCL into THPL. As part of the scheme, THPL issued shares to BCCL shareholders, and certain BCCL shareholders are now acting in concert regarding their holdings in THPL.
Key Highlights
- THPL is now a promoter of Entertainment Network (India) Ltd.
- THPL acquired 71.15% equity shares and voting rights in ENIL.
- The change follows a scheme of arrangement between BCCL and THPL.
- BCCL's non-publishing business, including ENIL stake, was demerged into THPL.
- Key BCCL shareholders are acting in concert regarding THPL voting rights.
Price Impact
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