Entertainment Network (India) subsidiary enters into arrangement with FA Radio; Stock zooms 6.5%

13 Apr 2022 , 11:54 AM

Entertainment Network (India) Ltd has informed that it’s subsidiary — Entertainment Network LLC has entered into a Brand and Content Licensing arrangement with Dallas — US based radio broadcaster — FA Radio International LLC (‘FA Radio’) to use the Company’s trademarks and content.

FA Radio operates Hindi/ Urdu language radio station currently branded as ‘Azad FM’. It will now be rebranded as ‘Mirchi’ on mutually agreeable terms and conditions, said company.

The Brand and Content licensing arrangement does not currently involve any financial commitments by the Company and will not have any immediate material impact on the Company’s financials, it added.

At around 11:58 AM, Entertainment Network (India) was trading at Rs220.35 apiece up by Rs13.4 or 6.47% on the BSE.