ENIL bought 4 radio stations from TV Today for Rs 4 crore Sep 14, 2015

TV Today, ENIL, Radio Stations, FM, Deal, Size, Entertainment, India, 

TV Today had received approval for the sale of its radio stations from the ministry of information and broadcasting earlier in July and said that the contract was signed between the two companies on September 11 amounting to Rs 4 crore. The company will sell its Jodhpur, Amritsar, Patiala and Shimla stations, the total turnover of which in the annual financial year 2014-2015 was Rs 3.96 crore equivalent to 0.8% of the total turnover of TV Today. According to the terms, ENIL will pay migration fees to MIB for shifting these radio stations from Phase II to Phase III.


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