Network18 Media & Investments Limited (NSEI:NETWORK18) agreed to acquire the remaining 48.83% stake in TV18 Broadcast Limited (NSEI:TV18BRDCST) for INR 43.8 billion on December 6, 2023. National Company Law Tribunal, Mumbai Bench and Ministry of Information and Broadcasting, Government of India has granted its approval. Ernst & Young Private Limited, Investment Banking Arm acted as financial advisor to TV18 Broadcast Limited. BofA Securities India Limited acted as Financial Advisor to Network18.

Network18 Media & Investments Limited (NSEI:NETWORK18) completed the acquisition of the remaining 48.83% stake in TV18 Broadcast Limited (NSEI:TV18BRDCST) on October 3, 2024. The National Company Law Tribunal, Mumbai Bench, has approved the Composite Scheme of Arrangement for the amalgamation of the Company's subsidiaries, namely, TV18 Broadcast Limited into the Company with appointed date being April 1, 2023. The Scheme has become effective on October 3, 2024. As of December 26, 2024, upon implementation of the Scheme, allotment of 48,67,21,823 and 83,29,676 equity shares was made to the eligible shareholders of TV18 and E18 respectively on October 25, 2024. The aforesaid allotment also included 2,54,110 equity shares to NETWORK18 TRUST FraC arising out of the consolidation of the fractional share entitlements to the eligible shareholders of TV18. There were no fractional share entitlements for any of the shareholders of E18.