In a significant strategic move to expand its presence in the lifestyle and entertainment sector, the Board of Directors of New Delhi Television Limited (NDTV) has approved the acquisition of the popular ‘GoodTimes’ channel. The transaction, valued at up to ₹18 crore, will see NDTV acquire the business undertaking of ‘GoodTimes’ from Lifestyle & Media Broadcasting Limited (LMBL) through a slump sale.
The acquisition, announced in a recent filing with the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE), is part of NDTV’s broader strategy to diversify its operational capabilities and strengthen its strategic positioning in the competitive Indian broadcasting landscape. By integrating ‘GoodTimes’—a channel renowned for its engaging content on travel, food, fashion, and entertainment—NDTV aims to enhance long-term value for its stakeholders and cater to a wider audience demographic.
A binding Term Sheet has already been executed between NDTV and LMBL, a joint venture of NDTV, outlining the key terms and conditions of the deal. While the transaction is classified as a related party transaction, NDTV has stated that it will be conducted on an arm’s length basis, ensuring fairness and transparency. This is further supported by a valuation report from a registered valuer.
The company also clarified that its promoters, promoter group, and associated companies do not hold any direct stake in LMBL, apart from potential indirect shareholding. The acquisition is pending the execution of a definitive Business Transfer Agreement (BTA) and other necessary documents, and remains subject to customary conditions, including corporate and regulatory approvals.
This move underscores NDTV’s commitment to growth and innovation in the media industry, as it seeks to build a more robust and varied content portfolio. The addition of ‘GoodTimes’ is expected to create new synergies, broaden revenue streams, and solidify NDTV’s market presence in a rapidly evolving digital and broadcast ecosystem.
Key Highlights:
- NDTV Acquires GoodTimes Channel: The Board of Directors of New Delhi Television (NDTV) has approved the acquisition of the ‘GoodTimes’ channel from its joint venture, Lifestyle & Media Broadcasting Limited (LMBL), for a transaction valued at up to ₹18 crore.
- Strategic Expansion: The acquisition is a key part of NDTV’s strategy to diversify its content portfolio, expand operational capabilities, and strengthen its position in the lifestyle and entertainment broadcasting segment.
- Transaction Details: The deal will be executed as a slump sale, formalized by a Business Transfer Agreement (BTA). The acquisition is considered a related party transaction but is being carried out at an arm’s length, backed by a valuation report from a registered valuer.
- Regulatory & Corporate Approvals: The finalization of the deal is contingent upon customary conditions, including necessary corporate and regulatory approvals from relevant authorities.