Network18, one of India’s leading media conglomerates, has announced the acquisition of the remaining 50% stake in IBN Lokmat News Pvt. Ltd. (IBNL), making News18 Lokmat a wholly owned subsidiary of the group. The transaction, valued at Rs 25 crore, was approved by the company’s board and marks a significant step in Network18’s regional expansion strategy.
With this acquisition, Network18 gains full control of its Marathi news channel, enabling seamless integration of editorial, distribution, and digital initiatives. The move reflects the company’s commitment to consolidating its leadership in the regional news segment and delivering a more unified experience for Marathi audiences across television and digital platforms.
Adil Zainulbhai, Chairman of Network18, said,
“Acquisition of balance stake in News18 Lokmat further strengthens our market-leading portfolio of national and regional news channels. Our mission is to be the one-stop news destination for audiences around the country, and this is another step in that direction. Our multi-lingual bouquet of TV and Digital platforms continue to strengthen their positions across markets, putting us in a strong position to benefit from the upside potential of the initiatives recently undertaken by the government to boost consumer demand.”
The board of Network18 approved the acquisition of equity shares, preference shares, and debentures held by its joint venture partner, Lokmat Media Pvt. Ltd., for an aggregate consideration of Rs 25 crore. Following the completion of this transaction, IBN Lokmat News Pvt. Ltd. will operate as a wholly owned subsidiary of Network18.
This acquisition underscores Network18’s long-term strategy to expand its regional footprint in India, enhancing its ability to deliver high-quality news content, innovative programming, and a consistent viewing experience for audiences across platforms.
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