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Network 18’s arm, Shop CJ to enter into definitive agreement

29 Sep 2017 Evaluate

Network 18 Media & Investment’s subsidiary company -TV18 Home Shopping Network (Homeshop18) and Shop CJ Network (Shop CJ) have received the Board’s approval for entering into a definitive agreement to combine the businesses of both entities. The transaction is aimed at uniting two of India's top home-shopping players, to create the largest home-shopping platform in the country. The resultant benefits of scale shall better the growth prospects for the combined entity, allowing it to improve its standing in the TV home-shopping landscape and compete better with the challenge from e-commerce players.

This combination shall be effected by way of a share-swap. The shareholders of Shop CJ shall be issued 25% equity in HomeShop18, making Shop CJ a subsidiary of HomeShop18. Post the transaction, HomeShop18 shall cease to be a subsidiary of Network18 Media & Investments; however, Network 18 shall continue to be the largest shareholder in the combined entity.

Network18 Media and Investments is a media and entertainment company with interests in television, internet, filmed entertainment, digital business, magazines, mobile content and allied businesses.

Network 18 Media Inv Share Price

35.72 -0.20 (-0.56%)
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