Hotline: 1800 102 2007
Hotline: 1800 102 2007
Feb, 16 2018

HomeShop18, Shop CJ confirms merger today

Homeshop18 (a subsidiary of Network18 Media and Investments) and Shop CJ Network had announced the merger of businesses of both entities last year in September.

HomeShop18, Shop CJ confirms merger today

TV18 Home Shopping Network Ltd (HomeShop18) and Shop CJ Network (Shop CJ) have completed the merger today making the combined entity largest TV home-shopping network in India.

Homeshop18 (a subsidiary of Network18 Media and Investments) and Shop CJ Network had announced the merger of businesses of both entities last year in September.

Network18 Media and Investments in a BSE filing said, "...pursuant to the completion of the transaction, TV18 Home Shopping Network Ltd and NW18 HSN Holding Plc cease to be subsidiaries of the company."

In the combined entity, Network18 would continue to be the largest shareholder in the combined entity. Post the completion of the transaction, Shop CJ shareholders hold 25 per cent.

HomeShop18 in a statement said, the combination with Shop CJ would make it the largest TV home-shopping network in India. "The resultant benefits of scale shall better the growth prospects for the combined entity, allowing it to improve its standing in the TV home-shopping landscape and compete better with the challenge from e-commerce players.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • E-Commerce & Related
    It’s an online 2 offline marketplace platform for offline retailers..
    Locations looking for expansion Telangana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Hyderabad Telangana
  • Health revive pharmacy (A one stop shop for all the..
    Locations looking for expansion Uttarakhand
    Establishment year 2019
    Franchising Launch Date 2021
    Investment size Rs. 2lac - 5lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Deharaudn Uttarakhand
  • Bakery & Confectionary
    The Cake Xpress was conceptualized with an idea to break..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2021
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Online Coaching
    Kanan International, through its in-house Research & Development wing, constantly..
    Locations looking for expansion Haryana
    Establishment year 1995
    Franchising Launch Date 2020
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities