TV Today Network’s Stock Activity Analyzed
TV Today Network’s stock price went up 2.6% on the BSE, which is a good sign for investors. The stock reached a high of ₹138.4 per share. This happened after a company called Living Media India bought more shares in TV Today Network.
Key Points
- Stock rose 2.6% due to a major share purchase.
- Living Media India bought 4.5 million shares.
- Total market value is ₹813.28 crore.
- The company’s stock went from ₹129 to ₹224.9 in the last year.
- HDFC Mutual Fund sold shares, impacting the stock price.
- Board approved selling FM radio stations for ₹10 crore.
Living Media India now owns a large part of TV Today Network – 56.9% of the company. This means they have a big influence on how the company runs. Other big shareholders include HDFC Small Cap Fund, holding 7.89% of the shares.
On top of the new share purchase, TV Today Network made a big decision: they’re selling their FM radio stations. They agreed to sell them to Abhijit Realtors and Infraventures Pvt Ltd. This sale includes three radio stations in Mumbai, Delhi, and Kolkata.
The sale is expected to bring in about ₹10 crore, plus taxes. The money will be paid in two parts – one when they sign an agreement and the other three months later. They hope to finish this deal by May 31, 2026. However, the radio stations haven’t been doing well, losing money in the last year.
Ultimately, understanding ownership and strategic moves like this can help investors make smart decisions.
