Network 18 Media & Investment has been allotted 1,74,57,002 equity shares of Rs 10 each of Greycells18 Media (Greycells18) for a cash consideration of Rs 17,45,70,020. Greycells18 is a subsidiary of the company and hence is a related party.
Prior to this allotment, the company through its subsidiaries was holding 74.22% of the equity capital of Greycells18 whereas post allotment the holding of company and its subsidiaries in Greycells18 has increased to 89.69%.
Greycells18 was incorporated in 2006 and is engaged in Media business. Greycells18 is primarily engaged in providing education through TV channel (i.e. Topper) and Digital Media.
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.
| Company Name | CMP |
|---|---|
| Zee Entertainment | 81.06 |
| Sun TV Network | 641.25 |
| GTPL Hathway | 69.83 |
| Network 18 Media Inv | 36.38 |
| TV Today Network | 114.27 |
| View more.. | |
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