Network 18 Media & Investment is currently trading at Rs. 30.05, up by 1.40 points or 4.89% from its previous closing of Rs. 28.65 on the BSE.

The scrip opened at Rs. 30.05 and has touched a high and low of Rs. 30.05 and Rs. 30.05 respectively. So far 5205 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 5 has touched a 52 week high of Rs. 38.00 on 15-Apr-2019 and a 52 week low of Rs. 18.00 on 22-Aug-2019.

Last one week high and low of the scrip stood at Rs. 31.40 and Rs. 28.50 respectively. The current market cap of the company is Rs. 3146.08 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 5.19% and 19.81% respectively.

Reliance Industries (RIL) is consolidating its all media and distribution businesses spread across multiple entities into Network18 Media & Investments. Under the scheme of arrangement, TV18 Broadcast, Hathway Cable & Datacom and Den Networks will merge into Network18 Media & Investments, which will be an integrated media and distribution company with a revenue of Rs 8,000 crore. The restructuring will create value-chain integration, and render substantial economies of scale. It also simplifies the corporate structure of the group by reducing the number of listed entities. This will scale up Network18 as one of the largest listed players in the sector.

The Board of Directors of the respective companies approved the Scheme of Amalgamation and Arrangement at their meetings held on February 17, 2020. The broadcasting business will be housed in Network18 and the cable and ISP businesses in two separate wholly owned subsidiaries of Network18. The restructuring shall create value-chain integration, and render substantial economies of scale. The Scheme shall also simplify the corporate structure of the group by reducing the number of listed entities.

Network 18 Media & Investments leading full play media conglomerates with presence in television, print, internet, filmed entertainment, and mobile content and allied businesses.

Network 18 Media Inv Share Price

86.50 -1.15 (-1.31%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Zee Entertainment 138.70
Sun TV Network 602.70
GTPL Hathway 165.35
TV18 Broadcast 46.09
Den Networks 47.40
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