Network18 sells entire stake in Media18 distribution to Prakhar Commercials

Network18 has announced the sale of its entire stake in Media18 Distribution Services Limited, a wholly-owned subsidiary, to Prakhar Commercials Private Limited (PCPL). The development was disclosed in a regulatory filing on Monday.

The transaction involved the transfer of 10,000 equity shares, each valued at ₹10, amounting to a total deal value of ₹1 lakh. Following the completion of the sale, Media18 Distribution Services Limited ceases to be a subsidiary of Network18.

The company clarified that PCPL is a private limited entity with no affiliation to Network18’s promoter group or its associated companies. The transaction does not qualify as a Related Party Transaction under applicable regulations.

Media18 Distribution Services had no operational activity during the financial year 2024–25. As of March 31, 2025, its net worth stood at ₹0.15 lakh, contributing approximately 0.0001% to the consolidated net worth of Network18.

Network18 stated that the divestment aligns with its ongoing rationalisation of non-operational subsidiaries.