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New Delhi Television Limited (NDTV) is in the business of television media and currently operates three channels including a dual-channel (NDTV 24x7, NDTV India, and NDTV Profit). NDTV, through its subsidiaries, has expanded its presence beyond news and television into digital content, e-commerce, etc.
NDTV will acquire the 'GoodTimes' channel business undertaking for up to Rs. 18 Cr, paid in cash and advertising inventory. This strategic move from a related party aims to strengthen NDTV's position, diversify operations, and boost stakeholder value. Deal completion is pending approvals.
NDTV's English news channel is changing its name and logo from "NDTV 24x7" to "NDTV." This operational update streamlines the company's core news offering for viewers.
NDTV's acquisition of the "GoodTimes" Channel is now expected to close in approximately three additional months. The proposed transaction's completion is subject to ongoing discussions.
NDTV's acquisition of the GoodTimes Channel is progressing, with completion now anticipated within approximately one month. This strategic business development expands their media portfolio.
NDTV's acquisition of the GoodTimes Channel business undertaking is actively underway. The company now anticipates the transaction will be completed within approximately three months, marking continued progress on this key development.