New Delhi Television (NDTV) has announced a strategic move to strengthen its position in the lifestyle-focused broadcasting segment. The company's Board of Directors has approved the acquisition of the GoodTimes Channel business undertaking from Lifestyle & Media Broadcasting Limited (LMBL) through a slump sale, valued at up to Rs 18.00 crore on a cash-free debt-free basis.

Updated Transaction Timeline

In a recent disclosure to the stock exchanges, NDTV has provided an important update regarding the acquisition timeline. The company has informed that the proposed transaction, which was initially expected to be completed within approximately three months from the original announcement, is currently underway but will now require an additional three months for completion.

Key Details of the Acquisition

The acquisition parameters remain unchanged from the original announcement:

Strategic Implications

The acquisition of the GoodTimes Channel is expected to:

1. Strengthen NDTV's strategic positioning in the broadcasting industry
2. Diversify and expand the company's operational capabilities
3. Enhance long-term stakeholder value in the lifestyle-focused broadcasting segment

Transaction Structure and Compliance

NDTV has executed a binding Term Sheet for the transaction, which is classified as a related party transaction due to LMBL being a joint venture of NDTV. The company emphasized that the deal is being conducted on an arm's length basis, supported by a valuation report from a registered valuer.

The consummation of the proposed transaction remains subject to receipt of applicable statutory and regulatory approvals and fulfillment of customary conditions precedent. In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, NDTV has disclosed the timeline update to both BSE and NSE.

Additional Corporate Update

In a separate development, NDTV also announced that the Assistant Commissioner / GSTO, Ward 300 (E-Commerce), Zone 10, Delhi, has dropped the proceedings initiated under Section 73 of the Central Goods and Services Tax Act, 2017 and the State Goods and Services Tax Act, 2017. This resolution of the previously issued Show Cause Notice, which had proposed a demand of Rs 17.27 crores, results in no financial implication for the company.

As NDTV moves forward with the extended timeline for the GoodTimes Channel acquisition and resolves past regulatory issues, investors and industry observers will be keenly watching the company's strategic moves in the evolving media landscape.

New Delhi Television (NDTV) , one of India's leading media companies, has received a significant reprieve as tax authorities have concluded proceedings against the company, dropping a potential tax demand of ₹17.27 crore.

Tax Proceedings Dropped

According to a recent corporate filing, NDTV informed the stock exchanges that the Assistant Commissioner / GSTO, Ward 300 (E-Commerce), Zone 10, Delhi, has issued an order dated September 18, 2025, dropping the proceedings initiated under Section 73 of the Central Goods and Services Tax Act, 2017 and the State Goods and Services Tax Act, 2017.

Background of the Case

The case dates back to July 4, 2025, when NDTV had received a Show Cause Notice from the Sales Tax Officer, Class II/AVATO, Ward 300 (E-Commerce), Zone 10, Delhi. The notice, issued under various sections of the Central Goods and Services Tax Act, 2017, the Delhi Goods and Services Tax Act, 2017, and the Integrated Goods and Services Tax Act, 2017, had proposed a demand of ₹17.27 crore.

Financial Implications

In a positive turn of events for the media company, NDTV stated in its filing, "Accordingly, there is no financial implication on the Company in this matter." This development comes as a relief for NDTV, eliminating a potential financial burden and regulatory concern.

Market Impact

While the specific market reaction to this news is not available, the resolution of tax-related issues often has a positive impact on investor sentiment. The clarity provided by the conclusion of these proceedings may contribute to a more stable outlook for NDTV's financial position.

NDTV continues to operate from its corporate office at Max Square, Floors 1 & 2, Plot No. C3-C, Noida-Greater Noida Expressway, Sector-129, Noida, Uttar Pradesh. As the tax authorities have concluded their proceedings without any adverse findings, NDTV can now focus on its core business operations without the overhang of this regulatory issue.