New Delhi Television Limited has informed the Exchange about acquisition of GoodTimes Channel (Business Undertaking) from Lifestyle & Media Broadcasting Limited, by way of slump sale.
NDTV · price
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Awaiting price reaction for this filing.
NDTV has informed the exchange that it is acquiring the GoodTimes Channel business undertaking from Lifestyle & Media Broadcasting Limited through a slump sale arrangement. In a slump sale, the entire business is transferred as a going concern for a lump sum consideration, rather than asset-by-asset sale. GoodTimes is a lifestyle and entertainment channel. Financial details such as deal value, revenue contribution, and valuation are not disclosed in this filing. The acquisition is subject to customary closing conditions and regulatory approvals.
This acquisition expands NDTV's portfolio into the lifestyle and entertainment segment, potentially diversifying its revenue base beyond news. Shareholders should await further disclosures on deal value and financial impact for clarity on earnings accretion.