Entertainment Network (India) Limited has expanded its asset transfer agreement with Abhijit Realtors & Infraventures Private Limited to include an additional FM radio station. The Committee of Directors approved the inclusion of Hyderabad 104.8 FM (Kool FM) in the existing deal on 23 January 2026, adding to the three FM stations previously covered under the original memorandum of understanding signed on 16 November 2025.

Expanded Asset Transfer Details

The enhanced agreement now encompasses four FM radio stations for transfer to Abhijit Realtors. The expanded scope includes tangible and intangible assets related to these stations, excluding trademarks and intellectual property rights owned by Entertainment Network India.

Financial Performance and Impact

The four FM radio stations collectively generated Rs. 344.11 lakhs in turnover during FY 2024-25. This represents a minimal 0.64% contribution to Entertainment Network India's total revenue for that financial year, with negligible impact on the company's net worth.

Transaction Structure and Timeline

The proposed transaction requires execution of definitive documents, approval from the Ministry of Information and Broadcasting, and fulfillment of mutually agreed conditions precedent. Entertainment Network India expects to complete the sale by 30 September 2026, subject to these regulatory requirements and documentation processes.

Buyer Profile

Abhijit Realtors & Infraventures Private Limited operates in real estate, radio, and entertainment sectors. The company, incorporated on 14 September 2007, maintains an authorized capital of Rs. 3.00 crores with paid-up capital of Rs. 2.70 crores. Importantly, Abhijit Realtors does not belong to Entertainment Network India's promoter group or related companies, ensuring the transaction remains at arm's length.

Strategic Rationale

Entertainment Network India stated its intention to monetize these radio station frequencies through the asset transfer. The company has already received Rs. 4.75 crore of the total Rs. 19.60 crore consideration, with remaining payments scheduled in tranches before the transaction's completion. The deal will not affect Entertainment Network India's shareholding pattern, maintaining the company's existing ownership structure.

Entertainment Network (India) Limited (ENIL), a prominent player in the Indian media industry, has announced a strategic move to divest assets of three of its FM radio stations. The company has signed a Memorandum of Understanding (MOU) with Abhijit Realtors & Infraventures Private Limited for the transfer of assets related to its stations in Kanpur, Lucknow, and Nagpur.

Transaction Details

The proposed transaction involves the transfer of tangible and intangible assets of the following FM radio stations:

• Kanpur 91.9 FM
• Lucknow 107.2 FM
• Nagpur 91.9 FM

It's important to note that this transfer excludes any trademarks or other intellectual property rights owned by ENIL.

Financial Implications

The deal is valued at Rs. 12.60 crores plus applicable taxes. Here's a breakdown of the financial aspects:

Transaction Timeline and Conditions

The completion of this sale is subject to several conditions:

1. Execution of definitive documents
2. Approval from the Ministry of Information and Broadcasting, Government of India
3. Fulfillment of other mutually agreed conditions precedent

ENIL expects the transaction to be completed on or before September 30, 2026.

About the Buyer

Abhijit Realtors & Infraventures Private Limited, the acquiring company, is not related to ENIL's promoter or promoter group. Key details about the buyer include:

• Incorporation Date: September 14, 2007
• Business Focus: Real estate, radio, and entertainment
• Authorized Capital: Rs. 3.00 crores
• Paid-up Capital: Rs. 2.70 crores

Strategic Rationale

ENIL has stated that the primary motivation behind this sale is to monetize these radio station frequencies. This move aligns with the company's strategy to optimize its asset portfolio and potentially focus on more profitable or strategic areas of its business.

Market Impact

Given that the three stations contributed only 0.55% to ENIL's total turnover in FY 2024-25, the immediate financial impact on the company is expected to be minimal. However, this transaction could signal a shift in ENIL's long-term strategy and resource allocation.

Investors and market watchers will likely be keen to see how ENIL utilizes the proceeds from this sale and whether this marks the beginning of a broader restructuring of its radio station portfolio.

As the media landscape continues to evolve, such strategic moves by established players like Entertainment Network India warrant close attention from industry observers and investors alike.