TV18 group is demerging its business into two entities – TV18 India and Network 18. As part of the restructuring process, the existing entity TV18 will get delisted tomorrow (16 November 2006 will be the last trading day) and will get listed again. Post-demerger, TV18 will hold the entities CNBC TV18, Awaaz and 85 per cent stake in Web18 (which owns properties like Moneycontrol.com, Commoditiescontrol.com, Poweryourtrade.com, Jobstreet.com, Cricketnext.com, Yatra.in, Urban Eye), and also the newly acquired Crisil Market Wire (renamed as Newswire 18).
Network 18 will be the holding company for TV18 India, Global Broadcast News, Studio 18 (film production, acquisition and distribution business) and Home Shopping Network (alongwith SAIF Partners).
As part of the demerger, for every 10 shares held by existing non promoter shareholder of TV18, one will get 14 shares in TV18 India and 12 shares in Network 18.
Network 18 will also get listed post demerger. A research report released by Mumbai-based broking firm SSKI said that TV18 group is also expected to raise Rs 1 billion through the IPO of Global Broadcast News. This is likely to be completed by January 2007.
How the group structure will look like post-demerger below – courtesy SSKI.

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