Entertainment Network (India) Limited

Entertainment Network (India) Limited

Entertainment Network (India) Limited (ENIL) has announced a significant update concerning the ongoing reorganisation of its promoter group. The Ministry of Information and Broadcasting (MIB) has officially approved the proposed change in the "Largest Indian Shareholder" as part of a scheme of arrangement. This reorganisation involves Bennett Coleman and Company Limited (BCCL), ENIL's promoter, and its wholly-owned subsidiary, Times Horizon Private Limited. This approval clears a key regulatory hurdle for the previously disclosed reorganisation, providing clarity on the promoter structure.