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The Special Committee of Directors has approved entering into a Memorandum of Understanding with Creative Channel Advertising and Marketing Pvt. Ltd. for the potential sale of the company’s FM radio broadcasting operations, including three stations in Mumbai, Delhi, and Kolkata, subject to regulatory approvals. The expected consideration is ₹20 Crore, with specifics on payment terms outlined. Additionally, an Advertising Sales Agreement will be established with Creative Channel to manage airtime sales for these stations. The Radio Business reported a turnover of ₹16.18 Crore for FY 2023-24, contributing 1.70% to total revenues, while its net worth was nil due to losses.