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Entertainment Network (India) receives the MIB's approval to purchase TVTN's four radio stations

22 Jul 2015 Evaluate

With reference to the earlier letter dated February 13, 2015 & May 08, 2015 regarding the non-binding memorandum of understanding with TV Today Network Limited (TVTN) for the purchase of seven radio stations from TVTN & the Ministry of Information and Broadcasting (MIB) had declined its approval on the grounds that the proposed sale by TVTN and proposed purchase by the Company is not in conformity with the FM Radio Guidelines, Entertainment Network (India) has now informed that the Company has now received the MIBs approval to purchase TVTNs four radio stations i.e. radio business in Amritsar, Jodhpur, Patiala and Shimla. The said purchase shall be subject to fulfillment of conditions specified by the MIB, execution of relevant documents with TVTN and completion of all other relevant formalities.

The above information is a part of company’s filings submitted to BSE.

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