ICICI Prudential Mutual Fund reduces stake in Entertainment Network India Ltd by over 2%

ICICI Prudential Mutual Fund has reduced its shareholding in entertainment network India Ltd by more than 2% following a series of open market sales conducted between October 16, 2019, and July 2, 2026. The fund executed a net sale of 11,19,753 equity shares, decreasing its stake from 5.004% to 2.655% of the company's paid-up capital. This transaction was disclosed to the stock exchanges under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The disclosure, received by Entertainment Network India Ltd on July 3, 2026, confirmed that the mutual fund's holding is purely from an investment perspective and not intended to acquire controlling interest. The total equity share capital of the company remains ₹ 47,67,04,150, comprising 4,76,70,415 shares of face value ₹10 each.

Shareholding Details

The reduction in stake was achieved through the sale of shares carrying voting rights. The following table outlines the changes in the fund's holdings:

Description	Number of Shares	% of Total Shares
Holding Before Sale
Shares carrying voting rights	23,85,356	5.004
Net Sale
Shares carrying voting rights sold	11,19,753	2.349
Holding After Sale
Shares carrying voting rights	12,65,603	2.655

Regulatory Compliance

The filing was submitted by Rakesh Shetty, Chief Compliance Officer & Company Secretary of ICICI Prudential Asset Management Company Limited. The fund confirmed that the necessary disclosures have been filed with BSE Limited and the National Stock Exchange of India Limited. Entertainment Network India Ltd's Compliance Officer, Mehul Rasiklal Shah, forwarded the disclosure to the exchanges on July 4, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.96%	-3.36%	-3.23%	-8.11%	-31.64%	-39.12%

The Ministry of Information and Broadcasting (MIB) has approved the proposal to change the Largest Indian Shareholder of entertainment network (India) Limited from Bennett Coleman and Company Limited (BCCL) to Times Horizon Private Limited (THPL). This regulatory approval, communicated through a letter dated 19 June 2026, concludes the application process submitted by the company earlier this year. The change is part of a broader reorganization involving BCCL, a promoter of the company, and its wholly owned subsidiary, THPL, through a scheme of arrangement.

The company had previously informed the exchanges regarding the proposed restructuring on 26 September 2025, 5 February 2026, and 19 February 2026. The MIB's approval specifically addresses the request to transfer the status of the Largest Indian Shareholder from BCCL to THPL. This shift follows the submission of a formal application by the company on 24 February 2026.

Regulatory Approvals and Disclosures

The approval was granted by the competent authority within the Ministry of Information and Broadcasting. Yogendra Trihan, Additional Director at the FM Cell of the ministry, conveyed the decision in the official correspondence addressed to the company's Noida office. The disclosure was made to the stock exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Entities Involved

Entity	Role
Bennett Coleman and Company Limited (BCCL)	Promoter / Former Largest Indian Shareholder
Times Horizon Private Limited (THPL)	Wholly owned subsidiary of BCCL / New Largest Indian Shareholder
Ministry of Information and Broadcasting (MIB)	Regulatory Authority

The company's compliance officer, Mehul Rasiklal Shah, signed the regulatory filing submitted to BSE Limited and National Stock Exchange of India Limited. The scrip code for Entertainment Network (India) Limited on the BSE is 532700.