New Delhi Television (NDTV) , a prominent Indian media company, has announced the successful completion of its amalgamation with four subsidiary companies. The merger, which became effective on October 1, marks a significant corporate restructuring for the media giant.

Amalgamation Details

The amalgamation scheme involves the following NDTV subsidiaries:

1. NDTV Networks Limited
2. NDTV Worldwide Limited
3. NDTV Media Limited
4. NDTV Labs Limited

NDTV confirmed that it filed the confirmation order with the Registrar of Companies on October 1, the same day the amalgamation took effect. This follows the scheme's sanction, which was previously granted on September 13.

Impact on Share Capital

As a result of this merger, NDTV's authorized share capital has seen a substantial increase. The new authorized share capital structure is as follows:

Corporate Disclosure

In compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, NDTV has made the necessary disclosures to the stock exchanges. The company's filing states that the certified copy of the Confirmation Order sanctioning the Scheme has been submitted to the Registrar of Companies, NCT of Delhi & Haryana in Form INC-28.

Memorandum of Association Update

Following the amalgamation, Clause V of NDTV's Memorandum of Association, which pertains to the Authorized Share Capital, has been amended to reflect the new capital structure.

This corporate action represents a significant step for NDTV, potentially streamlining its operations and consolidating its business structure.

New Delhi Television (NDTV) has announced the launch of 'NDTV Good Times', a groundbreaking live entertainment and cultural experiences platform. This initiative marks a significant expansion of NDTV's portfolio, leveraging its legacy as India's trusted storyteller to create immersive cultural events across the country.

Star-Studded Lineup

NDTV Good Times is set to feature an impressive array of concerts by prominent artists, including:

• AR Rahman performing at the sacred ghats of the Ganges in Varanasi
• Sonu Nigam presenting a tribute to Mohammed Rafi at Dal Lake in Srinagar
• Performances by Shankar-Ehsaan-Loy, Jubin Nautiyal, and Neha Kakkar across multiple cities

These events promise to blend iconic locations with world-class performances, creating unique cultural experiences for audiences.

Vision and Strategy

Rahul Kanwal, CEO and Editor-in-Chief of NDTV, emphasized the company's commitment to storytelling and society, stating, "With NDTV Good Times, we take that commitment into the realm of live culture and experiences – curating iconic performances that will not just entertain but also inspire, connect, and create lasting memories for audiences across India."

The initiative aims to cater to India's young population, known for its bold, diverse, and global outlook. By leveraging NDTV's broadcast, digital, and social media platforms, the company plans to amplify these live experiences, making them accessible to a wider audience.

Partnerships and Execution

NDTV has partnered with District as its ticketing partner, ensuring a smooth experience for attendees. Rahul Shaw, Chief Experiences Officer at NDTV, highlighted the global trend of live experiences becoming the new heartbeat of culture, adding, "NDTV Good Times is about reimagining that heartbeat for India, bringing together the nation's finest artistes in extraordinary settings, and ensuring that every performance becomes an occasion to remember."

Corporate Update

In a disclosure to the stock exchanges, NDTV revealed that its Board of Directors has approved changing the brand name of this new business vertical from 'NDTV Alive' to 'NDTV Good Times'. This rebranding aligns with the company's vision for the platform and its focus on creating memorable cultural experiences.

NDTV Good Times represents a strategic move by the media company to diversify its offerings and tap into the growing live entertainment market in India. By combining its storytelling expertise with curated live experiences, NDTV aims to create a new cultural identity for a generation that is young, assured, and globally connected.