Proforma Financial Summary - Network 18
Network 18
Simplification of the listed media & distribution businesses of the group
Current Structure
Sole
Beneficiary
Independent
Media Trust
Reliance
Industries Ltd
("RIL")
Sole
Beneficiary
Digital Media
Distribution
Trust
RIL
Companies
Public
RIL
Companies
Public
Erstwhile
Den
Promoters
Erstwhile
RIL
Companies
Public
Hathway
Promoters
78.7%
13.4%
7.9%
72.0%
5.9%
22.1%
75.0%
25.0%
NW 18
(Listed)
39.6%
DEN
(Listed)
Hathway
(Listed)
51.2%
IMT + RIL
Cos: 9.2%
TV18
(Listed)
Structure Post Merger
RIL
Sole Beneficiary
Trusts
100%
Public
RIL
Companies¹
64.3%
35.7%
Merged NW18
(Listed)
100%
100%
100%
WOS2
(Cable Co)
WOS1
(Digital Co)
WOS3
(ISP Co)
3
Entities to be merged
Swap ratio for merger
- 191 shares of NW 18 for every 100
shares of DEN
- 78 shares of NW 18 for every 100
shares of Hathway
92 shares of NW18 for every 100
shares of TV18View entire presentation