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| Exchange Received Time 31/03/2018 19:44:34 Exchange Disseminated Time 31/03/2018 19:44:39 Time Taken 00:00:05 | | This is further to our disclosure(s) dated 5.05.2017 & 12.05.2017, sent to you, in connection with sale of certain portion of equity shares held by NDTV Networks Ltd (NDTV Networks), a material subsidiary of Company in Lifestyle & Media Holdings Ltd (formerly NDTV Lifestyle Holdings Ltd) (Lifestyle Holdco) another material subsidiary of Company, constituting 2% of issued, subscribed & fully paid-up share capital of Lifestyle Holdco to Nameh Hotels & Resorts Pvt Ltd (Nameh). In this regard, we wish to inform you that aforementioned stake sale by NDTV Networks to Nameh has been completed & consequently, Lifestyle Holdco has ceased to be a subsidiary of Company w.e.f. March 30, 2018. Accordingly, direct and indirect subsidiaries of Lifestyle Holdco will cease to be subsidiaries of Company. Currently, Lifestyle & Media Broadcasting Ltd (formerly NDTV Lifestyle Ltd)and Indianroots Shopping Ltd (formerly known as NDTV Ethnic Retail Ltd ) are sole direct subsidiaries of Lifestyle Holdco. |
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