Entertainment Network India (ENIL), which operates leading FM radio brand Mirchi, has acquired a significant minority stake in music e-learning startup Spardha, in a bid to strengthen its digital transformation as a mobile-first entertainment brand. This is ENIL's first external investment, and with this move, the company has signaled its interest in strategic investments to build shareholder value in the long term.
Entertainment Network (India) (ENIL), was incorporated in June 1999.It is a subsidiary of Bennett, Coleman & Company (BCCL)-the flagship company of the Times of India Group, was incorporated in 1999. ENIL operates in radio broadcasting under the brand Radio Mirchi.
| 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 |
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