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              Television Eighteen India Ltd has announced that pursuant to the sanction to the Scheme of Arrangement by the Hon´ble High Court of Judicature at Delhi on July 20, 2006, Network 18 Fincap Pvt Ltd (previously known as SGA Finance and Management Services Pvt Ltd) on September 08, 2006, has transferred 1,93,225 shares as a block deal on the stock exchange at Rs 605.00 per share. This brings the total number of 18,68,225 shares transferred to Network18 Fincap Pvt Ltd from Mr. Raghav Bahl.