Times Horizon acquires 71.15 percent in ENIL via BCCL demerger scheme

Listed Co AcquisitionDemerger Ratio AnnouncedNclt Scheme FiledStrategic Transactions View source PDF Explain this filing

ENIL · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-0.9%1-day move

₹100.50

prior close

₹100.96

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0-0.1-0.5-0.5-0.9+2.4+1.7+0.5-0.5+0.5————

Up moveDown movePending

AI summary

Times Horizon Private Limited (THPL) acquired 71.15 percent voting rights in Entertainment Network (India) Limited (ENIL) from Bennett, Coleman and Company Limited (BCCL). The transfer happened through a composite scheme of arrangement approved by NCLT Mumbai on 4 February 2026 and effective 1 September 2026. BCCLs non publishing business, including its ENIL stake, was demerged into THPL. THPL issued 1 share for every 1 BCCL share held by shareholders. THPL is now the promoter of ENIL, with SPL, AUL, TMIL, Vineet Jain and BNL as persons acting in concert. The acquisition qualifies for exemption from open offer under Regulation 10(1)(d)(iii).

Likely market impact

Promoter entity changes from BCCL to THPL. No open offer triggered due to exemption. Shareholding structure shifts but day to day operations remain unaffected.