Network18 Media & Investments Limited — Credit Ratings, 24-10-2024: Credit Rating- Revision

Network18 Media & Investments Limited announced the completion of its merger with TV18 Broadcast and e-Eighteen.com, effective October 3, 2024. Following the merger, credit rating agencies assigned ratings for enhanced facilities: India Ratings assigned an A1+ rating for commercial papers and CARE reaffirmed ratings of AAA and A1+ for bank facilities and commercial papers, respectively. The merger aims to improve operational synergies and market positioning in the media sector.