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Network18 Media & Investments Limited ( (IN:NETWORK18) ) has issued an announcement.
Network18 Media & Investments Limited has announced the acquisition of equity and preference shares, along with a debenture, from Lokmat Media Private Limited in IBN Lokmat News Private Limited for Rs. 25 crores. This acquisition will make IBN Lokmat a wholly-owned subsidiary, enhancing Network18’s presence in the Marathi news segment. The transaction, valued independently by Ernst & Young, is a related party transaction conducted at arm’s length, with no interest from the company’s promoter group. The acquisition is expected to finalize by the end of October 2025, with no regulatory approvals required.
More about Network18 Media & Investments Limited
Network18 Media & Investments Limited operates in the media industry, focusing on television broadcasting, digital content, and allied services. The company is known for its diverse media offerings, including news channels and digital platforms, catering to a wide audience in India.
Average Trading Volume: 958,724
Technical Sentiment Signal: Strong Sell
Current Market Cap: 79.6B INR
For detailed information about NETWORK18 stock, go to TipRanks’ Stock Analysis page.