NDTV acquires GoodTimes life-style channel in Rs 18 crore deal

New Delhi: NDTV has acquired the GoodTimes channel from Lifestyle & Media Broadcasting Limited (LMBL) for as much as Rs 18 crore. 

The acquisition might be executed via a Business Transfer Agreement and ancillary paperwork, with completion anticipated inside three months, pending mandatory company and regulatory approvals, together with from the Ministry of Information and Broadcasting. 

As LMBL is a three way partnership of NDTV, the transaction qualifies as a associated celebration deal however has been performed on an arm’s size foundation, supported by an unbiased valuation report. 

NDTV’s promoters and group entities maintain no direct curiosity in LMBL past oblique shareholding. 

The consideration might be paid through a mix of money and tv promoting stock.

GoodTimes, recognized for its programming on leisure, trend, meals, and journey, was initially launched by NDTV in September 2007 via its subsidiary NDTV Lifestyle. 

In March 2011, NDTV transformed the subsidiary right into a three way partnership by promoting a 49% stake to Southeast Asian media firm Astro, valuing the entity at US$80 million. 

Ownership was additional transferred to LMBL in 2018, separating it from direct NDTV management.