Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

HomeShop18 & Shop CJ aggregate their businesses under the HomeShop18 umbrella

Posted On: 2018-02-16 23:35:58

Leading home-shopping players TV18 Home Shopping Network Limited ("HomeShop18") and Shop CJ Network Private Limited ("Shop CJ") have combined their businesses, thereby completing the transaction proposed in Sept 2017. This combination makes HomeShop18 the largest TV home-shopping network in India.

The resultant benefits of scale shall better the growth prospects for the combined entity, allowing it to improve its standing in the TV home-shopping landscape and compete better with the challenge from e-commerce players. HomeShop18 has optimized its operations substantially since the challenges faced in the last year. We believe multiple synergies with respect to sourcing, marketing and delivery can be exploited through a combination with Shop CJ, which shall further accelerate this process.

Pursuant to this transaction, Shop CJ shareholders hold 25% in the combined entity. HomeShop18 ceases to be a subsidiary of Network18 Media & Investments Ltd; however, Network18 shall continue to be the largest shareholder in the combined entity.

HomeShop18

HomeShop18 is India's first comprehensive digital commerce player, selling credible brands to customers nationally through not just TV but also internet and mobile. As a pioneer, HomeShop18 changed the way Indians shop by launching India's first 24 hour Home Shopping TV channel in 2008. Today, HomeShop18 has an impressive portfolio across multiple categories and a logistical reach of over 3000 locations across India. Before this transaction, HomeShop18 was a subsidiary of Network18 Media & Investments, with SAIF Partners, GS Home Shopping South Korea and OCP as co-investors.

Shop CJ

Prior to this transaction, SHOP CJ Network Pvt. Ltd. (Formerly Known as STAR CJ Network India Pvt. Ltd) was a 50:50 joint venture between the South Korean home shopping major, CJ O Shopping Co. Ltd. and the P5 Asia Holding Investments (Mauritius) Limited belonging to the Providence Equity Partners group.

Shares of NETWORK18 MEDIA & INVESTMENTS LTD. was last trading in BSE at Rs.49.8 as compared to the previous close of Rs. 50.05. The total number of shares traded during the day was 166639 in over 1044 trades.

The stock hit an intraday high of Rs. 50.55 and intraday low of 49.2. The net turnover during the day was Rs. 8305216.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Pointer Telocation and Pricol sign LOI to form a JV for Telematics Solutions in India and South East Asia

Wipro Achieves 'Cloud Elite' status in Oracle PartnerNetwork Cloud Program

Jubilant FoodWorks allotted 51 lakh shares in Bangladesh JV

Music Broadcast Ltd board to consider stock split

TCS Recognized as a Leader in Gartner Magic Quadrant for Application Testing Services, WW

Ambuja Cements Ltd approves expansion plan of 1.4 MT additional clinker capacity

TVS Motor Company wins 2 key awards at CII - ITC Sustainability Awards 2018

Tribhovandas Bhimji Zaveri Ltd to shift Ghatkopar showroom

Mr. Ajay Kapur, MD& CEO of Ambuja Cements Ltd resigns

AGIO Paper & Industries Ltd approves fund raising of Rs. 5 crores

IL&FS Transportation Networks Ltd gets provisional completion certificate for project in Jharkhand

Ramco Systems continues to strengthen foothold in the U.S. Defense space

Amrutanjan Health Care bags award

TCS Scores a Gold in the EcoVadis CSR Assessment for Fifth Year in a Row

McDonald's expands its footprint in Kerala with its first outlet in Thiruvananthapuram

Tata Communications discovers digital transformation disparity in new study

Premier Chennai Properties Ltd appoints Non-Executive Independent Director

ICRA revises rating of Remsons Industries Ltd

CRISIL Ratings on the bank facilities of Krypton Industries Limited

Strides Vivimed Labs JV receives approval for Albendazole Tablets

SVP Global Ventures Ltd updates on Oman Unit

ACC Ltd announces expansion proposals of Rs. 3000 crore

Honeywell Automation India Wins Golden Peacock Award For Corporate Ethics

NBCC India Ltd receives LoA for Rs. 172 crores project

Sterlite Tech strengthens technology leadership with two crucial appointments

City Union Bank Ltd opens new branch at Katargam, Surat

Finolex Cables Ltd appoints Miss. Poornima K Prabhu as director

Larsen & Toubro Infotech Ltd appoints Nachiket Deshpande as Chief Operating Officer

Ashok Leyland and Israel's ELBIT Systems sign MOU for High Mobility Vehicles

Liva Pharmaceuticals receives approval from the USFDA for its sANDA, Ranitidine Injection USP

Zydus Wellness' acquisition of Heinz India receives a nod from Competition Regulator

Kaveri Seed Company Ltd to consider merger of subsidiaries

PNC Infratech Ltd arm executes financing documents to NHAI

PFC board takes note of acquisition of stake in REC

CARE reaffirms ratings of Shree Cement Ltd

Industrial Investment Trust Ltd Q2 FY19 standalone loss at Rs. 1.45 crore

Shalby signs MOU with International SOS for providing Medical Assistance to Foreign Travellers to India

DIC India Ltd announces resignation of MD & CEO

PTron launches Spunk - the pocket friendly smart true wireless stereo earbuds

Wipro Launches Automotive Innovation Center in Detroit, Michigan

Reliance Industries Ltd allots 25000 NCDs

Shalby Academy signs MOU with Ahmedabad Institute of Medical Sciences

CRISIL revises rating outlook of Titan Company Ltd

TCS Named a Leader in Capital Markets BPO Services by Everest Group for Sixth Consecutive Year

POWERGRID enters in term Loan facility with Sumitomo Mitsui Banking Corporation, Singapore Branch

Aurobindo Pharma subsidiary to form JV in China

United Bank of India board to consider raising capital

Mindtree.org Launches Social Inclusion Platform to Democratize Technology for Micro-Entrepreneurs

Parag Milk Foods Limited launches 'Avvatar Advanced Mass Gainer'

Sundaram Clayton Ltd Fixes Feb 2, 2019 as Record Date for Interim Dividend







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2018