Times Horizon acquires 71.15% stake in Entertainment Network
1 min read | Published on 02 Sept 2026, 10:34 AM |Updated on 02 Sept 2026, 11:16 AM
Reviewed byShriram SScanX News Team
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- Times Horizon acquires 71.15% stake in Entertainment Network via scheme
- BCCL exits completely, transferring 3,39,18,400 shares to THPL
- New promoter group includes SPL, AUL, TMIL, Vineet Jain, and BNL
- Total voting rights of PACs in THPL stand at 50.05%
*this image is generated using AI for illustrative purposes only.
Times Horizon Private Limited has acquired a 71.15% stake in Entertainment Network (India) Limited following the implementation of a composite scheme of arrangement. The transaction marks the transfer of promoter control from Bennett, Coleman & Company Limited to THPL and its persons acting in concert.
The acquisition was executed pursuant to a scheme involving BCCL, Times Horizon Private Limited, and their respective shareholders and creditors. The Hon’ble National Company Law Tribunal, Mumbai bench, approved the arrangement under Sections 230 to 232 of the Companies Act, 2013. The effective date of the scheme was September 1, 2026.
Transaction Details
THPL acquired 3,39,18,400 equity shares carrying voting rights from BCCL. Prior to this transaction, BCCL held no encumbered shares, warrants, or convertible securities in the target company. The shares acquired have a face value of ₹10 each.
| Metric | Before Disposal | Shares Transferred | After Transfer |
|---|---|---|---|
| Voting Shares | 3,39,18,400 | 3,39,18,400 | Nil |
| Stake Percentage | 71.15% | 71.15% | Nil |
| Encumbrances | Nil | Nil | Nil |
Following the sale, BCCL’s holding in Entertainment Network stands at zero. THPL now holds 71.15% of the equity shares and voting rights. The total equity share capital of the target company remains unchanged at 4,76,70,415 equity shares of ₹10 each, amounting to ₹47,67,04,150.
Promoter Group Structure
Pursuant to the scheme, THPL has become a promoter of the Target Company. Sanmati Properties Limited, Arth Udyog Limited, TM Investments Limited, Mr. Vineet Jain, and Bharat Nidhi Limited are categorized as members of the promoter group. These entities are acting in concert with respect to the aggregate voting rights held by them in THPL, which constitutes 50.05% of the total voting rights in THPL.
As part of the scheme consideration, THPL issued one fully paid-up equity share to each shareholder of BCCL for every share held. Additionally, THPL allotted 2,86,955 fully paid-up equity shares to Sanmati Properties Limited on a preferential basis.
Regulatory Compliance
The disclosure was made under Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 by THPL and its PACs. A separate disclosure regarding BCCL’s disposal was made under Regulation 29(2). Chanda Makhija Thadani, Company Secretary of BCCL, certified the filing submitted to both the National Stock Exchange and BSE Limited.
Historical Stock Returns for Entertainment Network
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.30% | -1.49% | -6.80% | -4.99% | -37.22% | -48.98% |
How is the change in promoter control from Bennett, Coleman & Company Limited to Times Horizon Private Limited expected to influence Entertainment Network’s strategic direction and content portfolio?
What potential synergies or operational restructuring initiatives might THPL pursue to enhance the valuation of its 71.15% stake in the entertainment sector?
How will minority shareholders react to the share-for-share exchange scheme, and what impact could this have on ENIL’s stock liquidity and trading volume?
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