Entertainment Network (India) has received approval for execution of the Business Transfer Agreement (BTA) with Gamma Gaana (GGL) for acquisition of the business undertaking of GGL relating to the business of licensing music audio content and hosting and streaming services under the name ‘Gaana’, on a going concern basis through a slump sale.
The acquisition is expected to be completed by February 29, 2024, subject to execution of the BTA and fulfilment of conditions stipulated in the BTA. The Board of Directors of the Company, at their meeting held on October 20, 2023, approved the same.
Entertainment Network (India) is one of the leading entertainment and media company and is engaged in radio broadcasting under the brand name ‘Radio Mirchi’.They are the only company which has the largest number of licenses.
Company Name | CMP |
---|---|
Zee Entertainment | 140.70 |
Sun TV Network | 674.90 |
GTPL Hathway | 173.35 |
TV18 Broadcast | 42.80 |
Den Networks | 51.11 |
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