GECs
Star Group pays Rs 72 million for 20 % stake in Radio City
NEW DELHI: Star Group has received FIPB (foreign investment promotion board) approval for investing Rs 72.02 million to pick up a 20 per cent stake in Music Broadcast Pvt. Ltd. (MBPL), the company that operates FM radio business under the Radio City brand.
The acquisition is being made through Mauritius-based Acetic Investments. Star had earlier exited from Radio City, having sold its stake for Rs 300 million. India Value Fund had acquired a controlling stake in MBPL.
Indiantelevision.com was the first to report that Star was making a re-entry into the FM radio business by buying 20 per cent equity from India Value Fund (earlier GW Capital). With this, India Value Fund’s holding would drop from 75 per cent to 55 per cent.
“It may be a buy back arrangement Star had with India Value Fund. Being the second largest player, the valuation of Radio City will be pretty high,” says a source who is tracking the industry.
The government regulations permit only 20 per cent foreign direct investment (FDI) in the FM radio business.
GECs
Sony PAL to air Sankat Mochan Hanuman from May 4 at 9 PM
Mythological series brings Lord Hanuman’s tale of devotion and courage back to TV
MUMBAI: Sony PAL is set to bring back the timeless mythological series Sankat Mochan Hanuman, with its premiere scheduled for May 4 at 9 PM. The show revisits the legendary journey of Lord Hanuman, offering viewers a chance to reconnect with one of Indian mythology’s most revered figures.
Centred on themes of devotion, courage and righteousness, the series traces Hanuman’s unwavering loyalty to Lord Ram and his fearless stand against evil. With its mix of dramatic storytelling and visually rich sequences, the show aims to deliver both entertainment and spiritual resonance, appealing to audiences across age groups.
The narrative unfolds as a larger-than-life saga, positioning Hanuman as the ultimate protector and a symbol of strength and selfless service. His journey, rooted in faith and duty, continues to strike a chord with viewers, making the series as relevant today as ever.
The cast features Gagan Malik as Lord Ram, Debalina Chatterjee as Sita, Nirbhay Wadhwa in the titular role, and Saurav Gurjar as Raavan. Their performances bring depth and authenticity to characters deeply embedded in Indian cultural memory.
With its return to television, the show is positioned as more than just a rerun. It taps into a renewed appetite for mythological storytelling, blending nostalgia with timeless values.
As audiences increasingly seek content that resonates beyond entertainment, ‘Sankat Mochan Hanuman’ offers a familiar yet powerful narrative, reminding viewers that stories of faith and courage never really go out of style.
