Network18 divests voting rights, Eenadu Television no longer associate
Network18 Media & Investments announced the cessation of Eenadu Television Private Limited (ETPL) as an associate company, effective today. The decision follows the Competition Commission of India's August 27, 2024 order approving the entertainment businesses combination of Viacom18 Media Private Limited and Star India Private Limited. Consequently, Network18 has assigned its voting rights related to the 24.5% equity holding in ETPL to ETPL's promoter. While voting rights are transferred, Network18 continues to hold the economic interest in these shares. As of March 31, 2025, ETPL contributed to 32.61% of the company's consolidated net worth. The company clarified that this change will not impact the consolidated net worth, as it will fairly value its investment in ETPL according to accounting standards.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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