New Delhi Television Ltd

Rating Details

• Agency: CARE Ratings Limited reaffirmed NDTV's bank facility ratings.
• Long-term facilities INR 110.78 crore rated CARE A-; Stable; reaffirmed.
• Short-term facilities INR 15.00 crore rated CARE A2; reaffirmed.
• Rating action: Reaffirmation of both long-term and short-term ratings.
• Date of reaffirmation: August 18, 2026.

Target overview

• Target comprises GoodTimes Channel business; size not disclosed; India presence; no separate entity being acquired.

Related party status

• Seller is a NDTV joint venture; related party, arm's-length; promoter group indirect interest only.

Industry

• Industry: Broadcasting and programming; GoodTimes Channel.

Strategic rationale

• Diversify and strengthen strategy; expand operational capabilities; enhance long-term stakeholder value.

Regulatory approvals

• MIB and other regulatory approvals required; channel license transfer subject to approval.

Timeline

• Completion targeted within approximately 3 months.

Consideration

• Consideration: cash plus Television Advertising Inventory.

Cost of acquisition

• Price: lumpsum up to Rs 18 crore on a cash-free debt-free basis.

Equity stake

• Not applicable; no equity stake acquired.

Target background

• GoodTimes Channel; lifestyle broadcasting; no separate entity; India presence; incorporation/turnover not disclosed.

Acquisition of GoodTimes Channel

• Target: GoodTimes Channel (Business Undertaking) from Lifestyle & Media Broadcasting Limited.
• Industry: media/broadcasting.
• Size/scale: not disclosed in the filing.
• Related party status: not disclosed in the filing.
• Purpose and rationale: proposed acquisition; rationale not disclosed.
• Regulatory approvals: subject to receipt of applicable statutory and regulatory approvals.
• Timeline: completion expected in approximately 3 months.
• Consideration: form and amount not disclosed.
• Shareholding acquired: percentage or shares not disclosed.
• Background: GoodTimes Channel provides broadcasting services; incorporation date not disclosed.

Demat processing and certification

• Dematerialisation requests processed within 15 days of receipt, with approvals or rejections.
• Securities dematerialised were listed on the stock exchanges where the earlier issues are listed.
• Physical certificates were mutilated and cancelled after verification, with depository name substituted as registered owner for approved requests.

Meeting Details

• Board meeting scheduled for July 21, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1 to July 24, 2026; reopens 48 hours after results disclosure.

Senior management cessation

• Mr. Nikhil Guliani, Chief Legal and Regulatory Officer, ceased on May 29, 2026.
• Change type: termination and cessation of service upon separation.
• Term of appointment: not applicable.