Top Searches
Advertisement

Sharpline Broadcast Eyes Strategic Stake in KDM Business Network Amid Boardroom Hurdles

Updated: July 18, 2025 18:49

Image Source : Groww
Sharpline Broadcast Ltd has proposed a strategic investment in KDM Business Network Limited by acquiring equity shares, signaling a move to diversify its media footprint and strengthen inter-corporate ties.
 
Key highlights:
 
- The proposal was tabled during the board meeting held on July 18, 2025.

- Due to three out of four directors being interested parties in the transaction, the quorum requirement under Section 174(3) of the Companies Act, 2013 was not met.

- As a result, the board could not formally consider or approve the investment proposal.
 
Strategic context:

- The investment aligns with Sharpline’s broader objective to expand its television and digital content ecosystem.

- KDM Business Network is among several entities with which Sharpline has existing financial arrangements, including convertible loans.
 
Next steps:

- The matter is expected to be revisited in the upcoming Extraordinary General Meeting scheduled for August 12, 2025.
 
Sources: Rediff MoneyWiz, BSE India, Sharpline Broadcast Ltd Board Filings

Advertisement

STORIES YOU MAY LIKE

Image Source: Tradingview
SSPN Finance Ushers in New Leadership: Devjeet Chakraborty Appointed CEO and Additional Director
Image Source: Bahi Khata
Richfield Financial Taps Debt Market: ₹100 Crore NCD Issue Approved for Expansion
Image Source: LinkedIn
United Heat Transfer Secures ₹9 Million Order from Cummins, Boosting Industrial Momentum
Advertisement
Image Source: Mint
Euro-Powered Expansion: TVS Supply Chain Fuels Autoserv with €500K Injection
Image Source: Indian Chemical News
Chambal Fertilisers Streamlines Global Footprint: ISGN Corporation Subsidiary Dissolved
Image Source: Deccan Herald
India-UK Trade Pact Set to Launch: Whisky, EVs, and Textiles Lead the Charge
Image Source: X
Gretex Strikes Steel: Mandate Signed with Pune-Based Manufacturer for SME Listing
Advertisement
Live Blogs
SBI Tags RCom Loan as Fraud, Puts Anil Ambani in RBI Crosshairs
Thrill-Seekers Assemble: APTDC Flooded with 130 Adventure Tourism Applications
Level Unlocked: Good Game Becomes World’s First As-Live Global Gaming Reality Show
From Devotion to Dynamite: Ganesh’s Mighty Avatar Steals the Show in Yours Sincerely, Raam
Top Stories
Image Source: India TV News
Power Moves at Karnataka Bank: Wholesale Banking Head Giridhar Rajaram Joins the Exit Wave
Image Source: The Financial Express
Inox Green Energy Gets BSE, NSE Nod for Strategic Demerger into Resco Global
Image Source: Aurum PropTech
Aurum PropTech Breaks New Ground: SEBI Greenlights India’s First SM REIT
Image Source: Finance Saathi
Ambuja Cements Gets NCLT Nod for Adani Cementation Merger, Cementing a New Growth Era
Advertisement
Advertisement

Follow WOWNEWS 24x7 on:

Copyright 2024 WOWNEWS 24x7. All rights reserved. The WOWNEWS 24x7 is not responsible for the content of external sites. Read about our approach to external linking.

Powered By Just Imagine