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Entertainment Network (India) Limited ( (IN:ENIL) ) just unveiled an update.
Entertainment Network (India) Limited has announced a significant transaction involving the transfer and vesting of assets related to three FM radio stations in Kanpur, Lucknow, and Nagpur to Abhijit Realtors & Infraventures Private Limited. This move is part of the company’s strategy to monetize its radio station frequencies. The transaction is subject to regulatory approvals and is expected to be completed by September 2026. The deal, valued at Rs. 12.60 Crore, will be executed in tranches, and Abhijit Realtors is not part of the promoter group, ensuring the transaction is conducted at arm’s length.
More about Entertainment Network (India) Limited
Entertainment Network (India) Limited operates in the entertainment industry, primarily focusing on FM radio broadcasting. It is part of The Times Group and offers radio services across various cities in India.
Average Trading Volume: 1,248
Technical Sentiment Signal: Sell
Current Market Cap: 6.31B INR
For detailed information about ENIL stock, go to TipRanks’ Stock Analysis page.