Vaibhav Global has informed that in reference to its earlier intimation number VGL/CS/2023/92 dated 22nd September, 2023 for execution of an agreement to acquire the assets of the Ideal World by Shop TJC, UK (‘Shop TJC’), a wholly owned step down subsidiary of the Vaibhav Global, the company informed that the transaction has been completed. Shop TJC has acquired Ideal World’s IP rights, broadcasting rights, studio equipment along with other intangible assets at the total consideration of GBP 1,125,000. The company has also updated that the TV channel ‘Ideal World’ has gone live on air with effective from today 29th September, 2023.
The above information is a part of company’s filings submitted to BSE.