TV Today Network Limited has informed the Exchange about receipt of Ministry of Information and Broadcasting, Govt. of India, approval for transfer of Company's Radio Business to Vibgyor Broadcasting Pvt. Ltd. (Wholly Owned Subsidiary of the Company).
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TV Today Network Limited has received approval from the Ministry of Information and Broadcasting, Government of India, for transferring its Radio Business to Vibgyor Broadcasting Private Limited, which is a wholly owned subsidiary of the company. The radio business required regulatory clearance because broadcasting is a licensed sector in India. With the MIB approval now in hand, the company can move forward with completing the transfer of this business segment. TV Today Network's core focus is television news (Aaj Tak, India Today TV), and the radio business was a separate segment.
This allows TV Today Network to ringfence or eventually monetise its radio business separately, but since the transferee is a wholly owned subsidiary, there is no immediate change in ultimate ownership. Shareholders should watch for further announcements on valuation, restructuring steps, or any potential value unlocking from the radio vertical.