NCLT Approval Marks Big 92.7 FM's Turning Point

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NCLT Mumbai grants approval to Sapphire Media Limited’s resolution plan for Big 92.7 FM's acquisition, marking a pivotal moment.

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Resolution professional Rohit Mehra navigated Big FM's insolvency journey, initiating the Corporate Insolvency Resolution Process in February 2023.

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Sapphire Media Limited's resolution plan gained overwhelming endorsement from the creditors' committee on November 11, 2023.

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The NCLT's decision not only approved the resolution plan but also mandated a monitoring committee for oversight.

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Big FM's extensive reach across 58 stations positions it to bolster Sapphire Media Limited's pan-India presence.

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The acquisition promises to inject renewed vitality into Big FM, ushering in a new era of growth and innovation in radio broadcasting.

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The approval heralds a seamless transition under new ownership, signaling a bright future for Big 92.7 FM.

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The approval heralds a seamless transition under new ownership, signaling a bright future for Big 92.7 FM.

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The approval heralds a seamless transition under new ownership, signaling a bright future for Big 92.7 FM.

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