iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

NDTV and its subsidiary executes sales agreement with Astro Awani Network

20 Jan 2022 , 09:46 AM

NDTV

New Delhi Television Ltd (NDTV) has informed to the exchanges about the sale of investment held by the Company and NDTV Networks Limited (“Networks/Subsidiary of the Company”), in Astro Awani Network Sdn Bhd (“Awani”), an associate company to Astro Entertainment Sdn Bhd (“Purchaser”).

As per regulatory filing, both NDTV and Networks have executed a Share Sale and Purchase Agreement on January 19, 2022 with the Purchaser for the sale of 3,424,500 ordinary shares (1,712,250 each, held by NDTV and Networks), constituting 20% of the total share capital of Awani, for a consideration of Ringgit Malaysia Eight Million and Five Hundred Thousand (RM 8,500,000) only, net of any applicable taxes (approximately Rs15.16cr).

The closing of the transaction is subject to certain conditions including the approval of the Reserve Bank of India, said Company on Wednesday.

At around 9:47 AM, New Delhi Television was trading at Rs117.20 per piece up by Rs0.1 or 0.09% on the BSE.

Related Tags

  • acquisition
  • agreement
  • NDTV
  • New Delhi Television Ltd
  • New Delhi Television Ltd shares
  • New Delhi Television Ltd stocks
  • news
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More
Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.