IBN18 Broadcast Ltd (TV18), based in India, is in the business of broadcasting, telecasting, relaying and transmitting general news programmes. It has general news channels in Hindi, English and other regional languages and business news channels in Hindi, English and Gujarati. Network18’s listed subsidiary TV18 owns and operates the largest network of channels – 53 in India spanning news and entertainment. The market cap of the company is Rs 11,015 crore.
Equator Trading Enterprises Pvt Ltd (Equator) is a wholly-owned subsidiary (WoS) of TV18 and a holding company of Panorama Television Pvt Ltd. The principal activities of the company are to carry on the business of trading, financing, investment and trading in shares. TV18 acquired Equator in 2012, as per the letter of offer following were the terms of the deal:
RVT Media Pvt Ltd (RVT Media) is engaged in broadcasting, telecasting, transmitting or distributing in any manner, any audio, video or other programmes or software, trading business and commercial services. In December 2007, TV18 acquired 100% equity stake in RVT Media Pvt Ltd and thus the company became the wholly owned subsidiary with effect from January 1, 2008.
Panorama Television Pvt Ltd (Panorama) is engaged in the business of programme production and broadcast of satellite television channels in Hindi, Urdu and other regional languages predominantly to Indian viewers. ETV-News Rajasthan, ETV-News Bihar, ETV-News MP, ETV-News UP, ETV-Urdu, ETV-News Bangla, ETV-News Kannada, ETV-News Haryana/HP, ETV-News Gujarathi and ETV – News Odia are the channels owned and broadcast by the company. News18-Assam /North East, News18- Tamil and News18-Kerala launched during this year. The channels are distributed through cable operators, direct to home (DTH) and other service providers. Equator owns Panorama.
IBN18 (Mauritius) Ltd (IBN18) principal activity includes making investments and providing consultancy services.
Structure of the Amalgamation
The appointed date of both the amalgamations is April 1, 2016. In another Scheme of merger by absorption the 13 WoS subsidiaries of the Network18 Media & Investments Limited are amalgamating with the group company.
Terms of the Issue
Please Subscribe to read the full article.