Entertainment Network (India) Limited — Disclosure under SEBI Takeover Regulations

Times Horizon Private Limited has submitted a disclosure to the stock exchange regarding its acquisition of shares in Entertainment Network (India) Limited. This filing is made under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations, specifically referencing Regulation 10. This regulation requires an acquirer to report any acquisition of shares that is exempt from the mandatory open offer threshold.

For investors, this disclosure signals that a shareholder has crossed a specific regulatory limit. While the filing confirms the transaction has been reported, it does not specify the exact number of shares acquired or the new shareholding percentage. The move ensures transparency and compliance with market regulations, keeping the market informed about changes in the company's ownership structure.

Investors should monitor the exchange filings for the complete details of the acquisition. The market will be watching to see if this acquisition triggers a mandatory open offer for the remaining shares, which could influence the stock's short-term volatility. Keeping an eye on the official disclosure is the best way to understand the full impact of this ownership change.