Sapphire Media tunes into Big 92.7 FM

ANI PR Wire
20 Nov 2023, 22:59 GMT+10

VMPL

New Delhi [India], November 20: From frontrunner in race to the final winner, Haryana-based Sapphire media Limited has won the bid for Iconic radio network BiG 92.7 FM leaving radio Mirchi behind.

Big FM was going through an insolvency process since Feb 2023.

As per sources, Bid of Sapphire Media Limited has been approved by a committee of creditors of Big 92.7 Fm owner reliance broadcast networks limited. The acquisition of Big FM aligns seamlessly with Sapphire Media's business strategy to delivering high-quality content and engaging experiences to a diverse section of audience, a source familiar with the developments said. This strategic move marks a significant milestone in Sapphire Media's mission to further strengthen its presence in the dynamic and evolving media landscape.

The development comes close on the heels of the group making foray into news broadcasting with the launch of India Daily, a 24x7 news channel in the highly competitive Hindi news genre.

Sapphire is promoted by Kaithal, Haryana based businessman Sahil Mangla and media professional turned entrepreneur Aditya Vashistha.

The acquisition by Sapphire Media is expected to inject fresh energy into Big FM. As country's largest radio network with 58 stations and reaching out to over 1,200 towns and over 50,000 villages, the brand will reinforce Sapphire Media's pan India presence.

Sapphire media's officials declined to comment on the same.

(ADVERTORIAL DISCLAIMER: The above press release has been provided by VMPL. ANI will not be responsible in any way for the content of the same)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Nepal National.

More Information

17 ℃

Partly Cloudy in Kathmandu

Business

Section

Bank failures compel US regulators to increase scrutiny of lenders

WASHINGTON D.C.: To fix issues that could lead to further bank failures in the U.S., such as the collapse of ...

Boeing delivers 46 narrowbody 737s in November

ARLINGTON, Virginia: This week, Reuters reported that Boeing delivered 46 narrowbody 737s jets in November. The total brings the U.S. ...

U.S. stock markets and dollar jump on employment report

NEW YORK, New York - A positive employment report from the U.S. Bureau of Labor Statistics indicating a fall in ...

By 2026, AT&T to use ORAN technology for 70% of U.S. wireless network

DALLAS, Texas: This week, AT&T said that by late 2026, it will use open radio access network (ORAN) technology for ...

Moody's warns of downgrade in China's credit outlook

NEW YORK: This week, ratings agency Moody's warned that it could downgrade China's credit rating, citing costs to bail out ...

Artificial intelligence stocks all the rage on Wall Street

NEW YORK, New York - AI set the scene for solid gains in technology shares on Thursday. Demand for Alphabet ...

Southeast Asia

Section