Entertainment Network (India) (ENIL) — Corporate Action

📢 Key Event
THPL becomes promoter of ENIL after scheme effectiveness

🔄 What Changed
THPL acquired 71.15% equity and voting rights in ENIL; concert group holds 50.05% voting rights in THPL

💡 Investor Takeaway
THPL's acquisition makes it the controlling promoter of ENIL, potentially influencing future strategic decisions.

On 1 September 2026, the scheme of arrangement between promoter BCCL and Times Horizon Private Limited (THPL) became effective, resulting in THPL acquiring 71.15% of ENIL's equity and voting rights, making it the new promoter. THPL issued shares to BCCL shareholders on a 1:1 basis and allocated 286,955 shares to Sanmat Properties, leading to a concert group holding 50.05% voting rights in THPL.

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About Entertainment Network (India) Ltd (ENIL)

Media Entertainment & Publication · Entertainment · Listed on BSE

Market Cap: ₹482.19 Cr ROE: -1.1% ROCE: -2.1% Div Yield: 1.98%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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