eNews
Entertainment Network offloads three radio stations for Rs 12.6 crore
MUMBAI: Entertainment Network (India) Ltd is selling three of its radio stations to Abhijit Realtors & Infraventures Pvt Ltd in a Rs 12.6 crore deal, the company disclosed to stock exchanges on 16 November.
The transaction covers FM stations in Kanpur (91.9 FM), Lucknow (107.2 FM) and Nagpur (91.9 FM)—though not the intellectual property or trademarks.
The three stations generated a mere Rs 2.85 crore in turnover during the last financial year, representing just 0.55 per cent of the company’s total revenue. Their net worth contribution was negligible.
Abhijit Realtors, incorporated in 2007 with a paid-up capital of Rs 2.7 crore, operates in real estate, radio and entertainment. The buyer is not connected to Entertainment Network’s promoter group. The deal includes Rs 3 crore upfront at term sheet execution, with the balance paid in tranches.
The committee of directors approved the memorandum of understanding at a 25-minute meeting on Saturday. Completion is expected by 30 September 2026, subject to approval from the ministry of information and broadcasting and other conditions.
Entertainment Network’s shareholding pattern remains unchanged. The company’s strategy is clear: monetise assets that don’t move the needle, and move on.
eNews
Paisabazaar launches Credit Premier League 2.0
Nationwide campaign rewards highest credit scores with Rs 1 lakh top prize.
MUMBAI: When credit scores become a national league, even your CIBIL report starts feeling like it’s playing in the IPL and Paisabazaar has just kicked off the second season. Paisabazaar, India’s leading marketplace for financial products and the country’s largest free credit score platform, has announced the return of the Credit Premier League (CPL) 2.0, a fun, nationwide initiative to recognise and reward individuals with the highest credit scores.
Building on the success of the first edition, CPL 2.0 introduces higher rewards and broader participation. The individual(s) with the highest credit score in the country will win Rs 1 lakh, while state champions will each receive Rs 10,000. Additionally, all participants from the winning state, the one with the highest average credit score will also be rewarded.
All winnings will be credited directly to winners’ PB Wallet, allowing them to pay credit card bills, recharge mobiles, or settle utility bills seamlessly on the Paisabazaar platform.
Paisabazaar CEO Santosh Agarwal said the campaign aims to make credit awareness more engaging and mainstream. “With CPL, we are bringing together engagement, gamification and rewards to make conversations around credit scores more mainstream,” he noted. “Our focus remains on building a financially aware and credit-healthy Bharat.”
The first edition of CPL saw over 5.5 million participants, with the highest individual score touching 861. Delhi recorded the highest average credit score of 746.
Consumers can participate simply by checking their free credit score on the Paisabazaar platform or app. The CPL leaderboard and rankings will be available exclusively on the Paisabazaar App.
In a country where financial dreams are serious business, Paisabazaar has found a smart way to turn credit scores into an exciting game – because when your financial health gets rewarded, everyone wants to play.
