NCLT approves Times Group's demerger plan for non-publishing units
after close1 source ↓written by the desknot a recommendation
The National Company Law Tribunal (NCLT) in Mumbai has approved Bennett, Coleman & Company Ltd's (Times Group) plan to demerge its non-publishing businesses into Times Horizon Pvt. Ltd. The tribunal's order allows for the transfer of assets on a going-concern basis, ensuring that the share capital of the new entity reflects that of the parent company.
This development may enhance operational focus and potentially unlock value for investors in the publishing sector.
Not investment advice. For informational purposes only.