The Times of India newspaper. Image: Newspaperkart.com
The Times Group has received approval from the National Company Law Tribunal’s (NCLT) Mumbai bench to demerge its non-publishing businesses into a new entity, Times Horizon.
The restructuring will clearly separate the company’s traditional publishing operations from its growing portfolio of digital, entertainment, and allied ventures, including television, radio, and eCommerce, enabling sharper managerial focus and operational efficiency across both divisions.
Under the approved scheme, the non-publishing undertaking of Bennett, Coleman & Company Limited (BCCL) will be transferred to Times Horizon, a wholly-owned subsidiary, on a going-concern basis. The appointed date for the demerger is 1 April 2026, or the effective date of the scheme, whichever is earlier.
The move is designed to provide independent strategic and financial clarity to the publishing and non-publishing segments, which differ in their capital structures, operational needs, and risk profiles. As part of the restructuring, the existing share capital of Times Horizon will be cancelled, and a new shareholding structure identical to that of the parent company, BCCL, will be established.
The demerger has been sanctioned under Sections 230–232 of the Companies Act, 2013, marking a significant step in BCCL’s ongoing efforts to streamline its business verticals and enhance long-term value creation.
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