Entertainment Network Secures Approval to Transfer Four Operational FM Stations to Wholly Owned Subsidiary

Entertainment Network (India) Limited (ENIL) has received approval from the Ministry of Information and Broadcasting (MIB) to transfer the assets of four operational FM radio stations to its wholly owned subsidiary, Alternate Brand Solutions (India) Limited (ABSL).  

The approval was granted through a letter dated 17 July 2026, following the company's application submitted on 2 February 2026. ENIL informed the stock exchanges about the approval on 18 July 2026.  

Four Cities Covered Under the Approval 

The approval covers FM radio stations operating in Hyderabad (104.0 MHz), Kanpur (91.9 MHz), Lucknow (107.2 MHz) and Nagpur (91.9 MHz). According to the ministry's communication, the proposal to transfer these identified stations to ABSL has been cleared by the competent authority.  

The transfer relates to the assets of the existing operational stations and forms part of the regulatory approval process under the private FM radio licensing framework.  

Documents Required Before Execution 

Before the transfer is completed, ABSL will have to execute a fresh Grant of Permission Agreement (GOPA) for the remaining Phase-III licence period.  

The ministry has asked the subsidiary to submit separate Performance Bank Guarantees (PBGs) for each station, along with a board resolution authorising execution of the agreement, no-dues certificates from All India Radio (AIR) and Broadcast Engineering Consultants India Limited (BECIL), stamp papers and the prescribed legal documents.  

Performance Bank Guarantee Amounts 

The ministry has also specified the Performance Bank Guarantee amounts for each FM station based on gross revenue for FY25. Hyderabad requires a guarantee of ₹45 lakh, Lucknow ₹35.01 lakh, Kanpur ₹20.01 lakh and Nagpur ₹19.41 lakh.  

These guarantees are to be submitted separately for each station in accordance with Clause 3.7 of the GOPA Phase-III provisions.  

Read More: Punjab National Bank Share Price in Focus After Q1 FY27 Earnings Results: Net Profit Up 191.4% YoY! 

Entertainment Network (India) Share Price Performance  

As of July 17, 2026, 3:30 pm, Entertainment Network (India) Ltd share price closed at ₹107.50, up 1.78% from the previous closing price. 

Conclusion 

ENIL has secured regulatory approval for the transfer of four FM station assets to its wholly owned subsidiary. Completion of the transfer remains subject to execution of the required agreements and submission of prescribed documents. 

For daily market updates and regular stock market news in Hindi, stay tuned to Angel One's share market news in Hindi. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.