Date: August 17, 2026

Acquisition Details

New Delhi Television Limited ("Company") has entered into an Asset Purchase Agreement ("Agreement") with Lifestyle & Media Broadcasting Limited ("Seller") for acquisition of the business undertaking comprising the "GoodTimes" channel ("Business Undertaking").

Transaction Structure

The acquisition involves purchase of Transferred Assets for a lump sum consideration, subject to fulfilment of customary conditions precedent. Transferred Assets include:

  • All business authorizations, licenses, permits and consents from any Governmental Authority (including license and permission granted by Ministry of Information and Broadcasting)
  • Agreements with customers, advertisers, and other stakeholders associated with the Television Channel
  • Programming, content, branding, Intellectual Property Rights, distribution rights, monetization rights, Digital Assets, broadcasting rights, Content
  • Goodwill and brand reputation associated with the Television Channel

Related Party Transaction

The Seller is a joint venture of the Company and accordingly classified as a related party. The transaction is undertaken on an arm's length basis in accordance with a valuation report obtained from a registered valuer. Promoter, promoter group and group companies of the Company do not have any direct interest in the Seller's company except to the extent of their indirect shareholding, if any.

Industry Classification

The Business Undertaking belongs to Broadcasting and programming activities, specifically lifestyle-focused broadcasting and related media content.

Strategic Impact

The acquisition of the "GoodTimes" business undertaking will strengthen the Company's strategic position in the lifestyle content segment and expand its broadcasting portfolio.

Regulatory Approvals

The transfer of the television channel license is subject to approval from the Ministry of Information and Broadcasting, Government of India, and other regulatory/statutory approvals as may be applicable.

Timeline

The transaction is expected to be completed within approximately 3 (three) months from the date of the announcement.

Consideration

The acquisition involves cash consideration and Television Advertising Inventory. Total lumpsum consideration is up to ₹18 crore on a cash-free debt-free basis, subject to adjustments in accordance with the terms and conditions of the Agreement.

Shareholding Impact

Not applicable as no separate legal entity is being acquired. The transaction pertains to acquisition of business undertaking assets on a going concern basis.

Background of Acquired Business

The Business Undertaking comprises the "GoodTimes" Channel, which is engaged in lifestyle-focused broadcasting and related media content. No separate legal entity is being acquired.