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New Delhi Television gets nod to sell entire stake in Delta Softpro

20 Apr 2022 Evaluate

New Delhi Television has received approval to sell company’s entire stake in its wholly-owned subsidiary, Delta Softpro (Delta Softpro), constituting 100% of the total share capital of Delta Softpro, for a consideration of Rs 30 crore. The transaction is subject to the execution of a definitive agreement and the fulfilment of other conditions. The Board of Directors at their meeting on April 19, 2022, considered and approved the same.

The company will also invest an amount of Rs 1.32 crore in Delta Softpro by way of rights issue so that the subsidiary can discharge certain liabilities ahead of its sale.

New Delhi Television operates as a television media company in India and internationally.

New Delhi Television Share Price

81.84 0.79 (0.97%)
17-Apr-2026 16:59 View Price Chart
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