In a significant development disclosed to the stock exchanges, Sri Adhikari Brothers Television Network Ltd (SABTNL) has announced a major shareholding change involving its promoter group.

As per the disclosure filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company informed that M/s Ruani Media Services Limited part of the promoter group has entered into an agreement with Kurjibhai Rupareliya for the sale of 1.5 crore equity shares of the company. This transaction amounts to approximately 59.12 percent of the existing share capital, effectively transferring a majority controlling stake.

The formal disclosure was made at 6:38 pm on June 14, 2025, with the company affirming the authenticity of the agreement based on a letter received from the selling promoter entity
This deal marks a major shift in the ownership and potential strategic direction of Sri Adhikari Brothers, one of India’s earliest television content companies with a legacy in general entertainment, media production, and broadcasting.

The transaction could signal new plans or restructuring initiatives under the incoming stakeholder, Kurjibhai Rupareliya, though further details regarding the intent or valuation of the deal have not yet been made public.