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.
| 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.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: