Times Horizon acquires 71.15 percent in ENIL via BCCL demerger scheme

Acquisition announcedDemerger ratio announcedScheme filed with the NCLTStrategic Transactions View source PDF Explain this filing

ENIL · price

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

Price reactionminutes from the announcement price · days from the prior close

-0.4%Reaction day

₹100.50

prior close

₹100.96

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.6%+0.2% vs market

Media & Entertainment peers, median of 12sector-1.4%+1.0% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Microcap 250 and 1.0 pts more than its Media & Entertainment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.0

10m

-0.1

15m

-0.5

30m

-0.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.4-0.6+0.2-1.4+1.0

Next day

-0.9+0.0-1.0-1.4+0.5

+2.4+0.7+1.7+0.6+1.8

+1.7+1.1+0.6-0.8+2.5

+0.5+1.6-1.2-0.3+0.7

-0.5+1.5-2.0-0.2-0.3

+0.5+1.4-0.8-4.0+4.5

15d

-0.8+0.4-1.3-0.8-0.0

-9.4-1.4-7.9-4.3-5.0

-16.1-7.8-8.4-10.3-5.8

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UpDownMarket · Nifty Microcap 250Sector · Media & Entertainment peers, median of 12Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.