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Sunday, July 11, 2010

TV 18 India Restructuring - Hold The Stocks

TV-18 India is going to be restructured in order to align its group businesses. The company will be split in to IBN 18 and Network 18.

IBN 18 will get the broadcasting business while Network 18 gets the rest.

All television businesses under the new regime will be consolidated under IBN18, which will be rechristened as TV18. This includes TV channels like CNBC-TV18, CNN-IBN, IBN7, CNBC-Awaaz and the group’s 50% stake in Colors, MTV, Nick, VH1 and IBN Lokmat.

The new Network18 will hold a controlling interest in new TV18 and will be the operating company for the group’s digital, publishing, sports and event management businesses.

The new Network18 is going to hold all group investments in HomeShop18, Newswire18, DEN, Yatra and Capital18. As per company press release, the new structure will offer shareholders the choice of investing in either the entire Network18 Group or only in the broadcast TV business. It will also create opportunities for harnessing greater operational synergies.

For every 100 shares of TV -18 India, shareholders get 68 shares of IBN 18 and 13 shares of Network 18. Future price of each stock would depend upon the valuation of IBN 18 and Network 18.

Investors who have already invested in TV-18 India may hold the stocks until the valuations and probable pricing is clear.

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