Network18 – the media company that holds several prominent properties in the television, internet and print space is all set to consolidate its stock holdings. The company has presently listed its properties as five different properties on the stock exchange – Network18, Infomedia18, TV18, IBN18 and The Indian Film Company.
According to reports on the Business Standard, these five companies will be restructured to exist as two entities. These two entities are expected to cater to the TV and non-TV space. The move is also expected to bring down the shareholding to 51%. The decision is already noted to have conveyed to the stock exchanges. Business Standard quotes a Mumbai based analyst as revealing,
“The five listed companies – Network18, Infomedia18, TV18, IBN18 and The Indian Film Company – will be restructured into two listed entities. The two companies will be divided based on TV and non-TV entities. Network18 will own controlling stake in the TV business and will hold other operating assets of the group. Network18 will subsequently become a holding-cum-operating company.”