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533217

Hindustan Media Ventures Limited

HMVL

NOTLISTED

INE871K01015

New

Acquisition (including agreement to acquire)

true

2026-11-04

13:00:00

2026-11-04

Hindustan Media Ventures Limited

Listed Entity (self)

1 Play Global Pte. Ltd.

14600000

-140200000

63000000

false

Technology and Media

Investment is being made in the fast growing target entity for the purpose of capital return in future with an aim to leverage media assets owned by the Acquirer Company

Yes

The Company will be taking requisite approval in compliance with the Overseas Direct Investment governed under the Foreign Exchange Management Act, 1999 and the guidelines set by the Reserve Bank of India (RBI).

true

31-03-2027

Cash

248900000

cash

248900000

1Play is a technology company that has secured a 10-year contract to develop, operate and promote Ayodhyatra, a digital platform focused on facilitating spiritual tourism and travel to Ayodhya and also provides end-to-end streaming and broadcast solutions for schools across sports, music, and other events.

2025-2026

14600000

2024-2025

11800000

2023-2024

20200000

Singapore

The Board of Directors has approved the investment of up to USD 2.62 (equivalent to Rs. 24.89 Crore, conversion rate of Rs. 95 per 1 USD) in two tranches viz. (Tranche 1: USD 1.31 Mn; Tranche 2: USD 1.31 Mn) in 1 Play Global Pte. Ltd. by subscribing to its equity shares.