Raj Television Network Sells Hyderabad Property for ₹22 Crore
Raj Television Network Limited has executed an "Agreement for Sale" for the sale of its property located at Plot No. 656/1, Road No.34, Jubilee Hills, Hyderabad. The agreement was finalized on Decembe...
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Why is Raj Television Network Limited in the news today?
Raj Television Network Limited (RAJTV) is in the news due to the sale of a property is a significant corporate action but does not inherently indicate a positive or negative financial outlook without further context on the necessity of the sale or the use of proceeds.
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Raj Television Network Sells Hyderabad Property for ₹22 Crore
December 18, 2025, 10:02 AM
Raj Television Network Limited has executed an "Agreement for Sale" for the sale of its property located at Plot No. 656/1, Road No.34, Jubilee Hills, Hyderabad. The agreement was finalized on December 18, 2025.
The total consideration agreed upon for the sale of the property is ₹22,00,00,000 (Rupees Twenty-Two Crore Only). Upon execution of the agreement, the company received ₹3,00,00,000 (Rupees Three Crore Only). Additionally, a cheque dated January 6, 2026, for ₹1,00,00,000 (Rupees One Crore Only) has been received. The remaining balance of ₹18,00,00,000 (Rupees Eighteen Crore Only) will be received at the time of the execution and registration of the Sale Deed.
The sale is expected to be completed on or before June 30, 2026, as mutually agreed between the company and the purchaser, Mrs. Rayavarapu Amulya. The buyer does not belong to the promoter, promoter group, or group companies, and the transaction is not considered a related party transaction.
This sale of the undertaking is outside of a scheme of arrangement. The shareholders of the company had previously approved the sale of this property at the 31st Annual General Meeting held on September 30, 2025. The property did not contribute any turnover, revenue, or income during the last financial year.
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