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Network18 Media & Investments Limited ( (IN:NETWORK18) ) has provided an update.
Network18 Media & Investments Limited announced the outcome of a pending litigation involving a writ petition filed by TV18 Broadcast Limited, which has since merged with the company. The Delhi High Court has decided not to entertain the petition at this stage, allowing the company to respond to a show cause notice from the Collector of Stamps, Delhi, regarding a stamp duty issue. This decision provides Network18 the opportunity to address the matter further if necessary, potentially impacting its financial obligations and legal strategy.
More about Network18 Media & Investments Limited
Network18 Media & Investments Limited operates in the media and entertainment industry, focusing on television broadcasting, digital content, and media investments. The company is known for its diverse portfolio of news and entertainment channels, catering to a wide audience across India.
Average Trading Volume: 659,531
Current Market Cap: 85.89B INR
Learn more about NETWORK18 stock on TipRanks’ Stock Analysis page.