Deals25 Nov 2025, 08:04 pm
TV Today Network Ltd. Approves MOU with Abhijit Realtors for Sale of FM Radio Business
AI Summary
TV Today Network Ltd. has approved a proposal to enter into a Memorandum of Understanding (MOU) with Abhijit Realtors and Infraventures Private Limited. The proposal is for the sale of FM Radio Broadcasting Operations of the Company, comprising of three FM radio stations in Mumbai, Delhi and Kolkata under the frequency 104.8 FM, through Vibgyor Broadcasting Private Limited, a wholly owned subsidiary of the Company. The sale is subject to fulfilment of contractual obligations and receipt of all necessary regulatory approvals including permissions from the Ministry of Information and Broadcasting, Government of India.
Key Highlights
- TV Today Network Ltd. has approved a proposal to sell its FM Radio Broadcasting Operations to Abhijit Realtors and Infraventures Private Limited.
- The sale will be conducted through Vibgyor Broadcasting Private Limited, a wholly owned subsidiary of the Company.
- The sale is subject to fulfilment of contractual obligations and receipt of all necessary regulatory approvals.
- Abhijit Realtors and Infraventures Private Limited is engaged in the business of real estate, radio and entertainment.
- The sale is not a related party transaction.