Network 18 Media & Investment trades higher on the bourses

29 Sep 2017 Evaluate

Network 18 Media & Investment is currently trading at Rs. 45.90, up by 1.30 points or 2.91% from its previous closing of Rs. 44.60 on the BSE.

The scrip opened at Rs. 45.95 and has touched a high and low of Rs. 46.90 and Rs. 45.55 respectively. So far 85441 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 59.25 on 26-Jul-2017 and a 52 week low of Rs. 30.50 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 47.90 and Rs. 43.65 respectively. The current market cap of the company is Rs. 4805.49 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 5.83% and 19.17% respectively.

Network 18 Media & Investment’s subsidiary company -TV18 Home Shopping Network (Homeshop18) and Shop CJ Network (Shop CJ) have received the Board’s approval for entering into a definitive agreement to combine the businesses of both entities. The transaction is aimed at uniting two of India's top home-shopping players, to create the largest home-shopping platform in the country. The resultant benefits of scale shall better the growth prospects for the combined entity, allowing it to improve its standing in the TV home-shopping landscape and compete better with the challenge from e-commerce players.

This combination shall be effected by way of a share-swap. The shareholders of Shop CJ shall be issued 25% equity in HomeShop18, making Shop CJ a subsidiary of HomeShop18. Post the transaction, HomeShop18 shall cease to be a subsidiary of Network18 Media & Investments; however, Network 18 shall continue to be the largest shareholder in the combined entity.

Network18 Media and Investments is a media and entertainment company with interests in television, internet, filmed entertainment, digital business, magazines, mobile content and allied businesses.

Network 18 Media Inv Share Price

52.26 -1.70 (-3.15%)
24-Jan-2025 16:59 View Price Chart
Peers
Company Name CMP
Zee Entertainment 116.30
Sun TV Network 640.30
GTPL Hathway 119.15
Network 18 Media Inv 52.26
Den Networks 38.65
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