Acquisitions19 Sept 2025, 08:51 pm
NDTV to Acquire 'GoodTimes' Channel from Lifestyle & Media Broadcasting Limited in Slump Sale
AI Summary
New Delhi Television Limited (NDTV) has approved the proposal to acquire the business undertaking comprising the 'GoodTimes' Channel from Lifestyle & Media Broadcasting Limited (LMBL) by way of slump sale on a going concern basis. The acquisition is expected to be completed within approximately 3 months, subject to receipt of statutory approvals and fulfilment of customary conditions precedent. The lumpsum consideration is up to Rs. 18 crore on a cash-free, debt-free basis, subject to adjustments in accordance with the terms and conditions set out in the Term Sheet.
Key Highlights
- NDTV to acquire 'GoodTimes' Channel from LMBL
- Acquisition through slump sale on a going concern basis
- Expected completion within approximately 3 months
- Lumpsum consideration of up to Rs. 18 crore
- Subject to adjustments in accordance with the Term Sheet