MIB Approves Transfer of Four FM Stations to Subsidiary of Entertainment Network (India) Ltd
The transfer of four identified FM stations assets belonging to Entertainment Network (India) Limited has been approved by the Ministry of Information and Broadcasting (MIB), as per a letter dated July 17, 2026. The said assets are being transferred to the company's wholly owned subsidiary, Alternate Brand Solutions (India) Limited.The four stations confirmed for transfer include Kanpur 91.9 FM, Lucknow 107.2 FM, Nagpur 91.9 FM, and Hyderabad 104 FM.
This information follows an application submitted by Entertainment Network (India) Limited seeking prior approval from the MIB regarding this proposed transfer to its wholly owned subsidiary, Alternate Brand Solutions (India) Limited.
The MIB communication detailed requirements for the execution of a fresh Grant of Permission Agreement (GOPA) for the balance period of Phase-III permission concerning these channels. The required documents and associated financial obligations are as follows:
| Sr. No. | Station Name | Frequency (MHz) | Annual Fees/PBG Amount Required (in ₹) |
|---|---|---|---|
| 1 | Hyderabad | 104.0 | 45,00,000/- |
| 2 | Kanpur | 91.9 | 20,01,375/- |
| 3 | Lucknow | 107.2 | 35,01,375/- |
| 4 | Nagpur | 91.9 | 19,40,835/- |
In addition to the financial guarantees required, M/s ABSL is also required to submit a certified true copy of a resolution passed in the Board of Director's meeting delegating Power of Attorney for GOPA execution. Other necessary documents specified include No dues certificates from AIR and BECIL regarding ENIL, as well as stamp paper and a legal paper set.
ENIL Stock Price Movement
Entertainment Network (India) Limited shares rallied on Friday, settling at ₹107.64 after gaining ₹1.88 or 1.78% from the previous close. The stock saw a traded volume of 11,912 shares during the trading session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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