ENTERTAINMENT NETWORK (INDIA) LTD. - Received the MIB's approval to purchase TVTN's four radio stations

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22 Jul 2015
With reference to the earlier letter dated February 13, 2015 & May 08, 2015 regarding the non-binding memorandum of understanding with TV Today Network Limited (TVTN) for the purchase of seven radio stations from TVTN & the Ministry of Information and Broadcasting (MIB) had declined its approval on the grounds that the proposed sale by TVTN and proposed purchase by the Company is not in conformity with the FM Radio Guidelines.<BR><BR>Entertainment Network (India) Ltd has now informed BSE that the Company has now received the MIB's approval to purchase TVTN's four radio stations i.e. radio business in Amritsar, Jodhpur, Patiala and Shimla. The said purchase shall be subject to fulfilment of conditions specified by the MIB, execution of relevant documents with TVTN and completion of all other relevant formalities.
View all announcements for ENTERTAINMENT NETWORK (INDIA) LTD.	Source: BSE India

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