Since, the Company's core area of business is television news broadcasting; the Company is undertaking the sale of aforesaid four radio stations on slump sale basis. During the financial year 2014-15, the total turnover of the above referred four radio stations was Rs 3.96 crore, equivalent to 0.80% of the total turnover of the Company. The said sale shall be subject to fulfillment of conditions specified by the Ministry of Information and Broadcasting, execution of relevant documents with Entertainment Network (India) and completion of all other relevant formalities. Entertainment Network (India) is a leading company in the field of operating radio stations. Since Entertainment Network (India) is a part of the Times of India group and accordingly the transaction does not fall within the ambit of a related party transaction.