Incorporation of a step-down wholly owned subsidiary: Skyline FM Radio Network Private Limited
Skyline Radio Network Limited, a subsidiary, has incorporated Skyline FM Radio Network Private Limited.
- New Entity Incorporated
- Skyline FM Radio Network Private Limited
- Ownership
- 100% held by Skyline Radio Network Limited; step-down wholly owned subsidiary of the company
- Line of Business
- FM Radio Broadcasting Industry
- Consideration
- Cash consideration towards initial share subscription to the memorandum of association, at face value
- Related Party
- It is a related party of the company
What was disclosed
The company informed the exchanges that Skyline Radio Network Limited, a subsidiary of the company, has incorporated a wholly owned subsidiary named Skyline FM Radio Network Private Limited. Consequent to this incorporation, Skyline FM Radio Network Private Limited has become a step-down wholly owned subsidiary of the company.
Key details of the new entity
- Name: Skyline FM Radio Network Private Limited
- A newly incorporated private limited company in Delhi, under the Companies Act, 2013
- Holding: 100% shareholding is held by Skyline Radio Network Limited
- Industry: FM Radio Broadcasting Industry
- Object: establishing, owning, managing, acquiring and operating FM radio broadcast stations
How it is funded
- The nature of consideration is cash, towards initial share subscription to the memorandum of association
- The initial shares are subscribed at face value
Relationship with the listed company
- Skyline Radio Network Limited is a wholly owned subsidiary of the company
- The new entity is therefore a step-down subsidiary and a related party of the company, as stated in the update
What this means in simple terms
A company that is already a subsidiary of the listed company has set up a new company, which sits one level below the listed company. The new company is owned entirely within the group. Its stated purpose is the FM radio broadcasting business — establishing, owning, managing, acquiring and operating FM radio broadcast stations.
The update records the regulatory approval requirement and the indicative time period for completion as Not Applicable, and describes the new entity as newly incorporated, with the certificate of incorporation received from the Ministry of Corporate Affairs on October 3, 2026.
More numbers
- Shareholding in Skyline FM Radio Network Private Limited held by Skyline Radio Network Limited100% shareholding
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