Joint Venture25 Nov 2025, 08:10 pm
TV Today Network Ltd. to Sell FM Radio Broadcasting Operations to Abhijit Realtors
AI Summary
TV Today Network Ltd. has approved the proposal for entering into a Memorandum of Understanding (MOU) with Abhijit Realtors and Infraventures Private Limited. The MOU is in relation to the proposed sale/transfer 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, 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. to sell FM Radio Broadcasting Operations to Abhijit Realtors
- Sale through Vibgyor Broadcasting Private Limited, wholly owned subsidiary of the Company
- Subject to fulfilment of contractual obligations and regulatory approvals
- Abhijit Realtors is not a part of Promoter/Promoter Group/ Group Companies
- Sale is not a related party transaction, but transfer to Vibgyor is