TV Today Network has announced a strategic investment of ₹9.4 crore in its wholly-owned subsidiary, Vibgyor Broadcasting, as part of a rights issue. This decision was approved by the company’s Board of Directors during a meeting held on March 26, 2025.
The investment involves the subscription to 94,00,000 equity shares at a face value of ₹10 each. Following this allotment, TV Today Network will maintain its 100% shareholding in Vibgyor Broadcasting. The primary objective of this investment is to ensure that Vibgyor meets the necessary net worth requirements set by the Ministry of Information and Broadcasting, enabling it to purchase the radio business from TV Today Network.
According to the regulatory filing, no governmental or regulatory approvals are required for this subscription to the rights issue. The process is expected to be completed within 60 days.
The investment is categorized under related party transactions; however, it is exempt from certain regulations as Vibgyor Broadcasting is a wholly-owned subsidiary of TV Today Network.
This investment reflects TV Today Network’s commitment to strengthening its subsidiary’s financial position and operational capabilities. By ensuring Vibgyor has the requisite net worth, the company aims to enhance its presence in the broadcasting sector, particularly in radio operations.
TV Today Network’s ₹9.4 crore investment in Vibgyor Broadcasting signifies a strategic move to bolster its subsidiary’s capabilities and compliance with regulatory requirements. As the company navigates the evolving media landscape, this funding will support its ambitions in expanding its broadcasting portfolio.
Key Highlights:
- TV Today Network invests ₹9.4 crore in Vibgyor Broadcasting through a rights issue.
- The investment involves 94 lakh equity shares at ₹10 each.
- The aim is to ensure Vibgyor meets regulatory requirements for purchasing radio business.
- No governmental approvals are needed for this transaction.