Sapphire Media Limited has officially acquired BIG 92.7 FM, one of India&rsquo;s largest radio networks, marking a significant expansion of its media portfolio. The acquisition was completed following the successful implementation of a resolution plan approved under the corporate insolvency process of Reliance Broadcast Networks Limited (RBNL), the former owner of the radio network.
BIG 92.7 FM, which boasts a network of 58 stations reaching over 1,200 towns and 50,000 villages, had been undergoing corporate insolvency proceedings since February 2023. Rohit Mehra was appointed as the resolution professional during the process.
Sapphire Media has secured all statutory approvals from the Ministry of Information and Broadcasting, enabling it to assume full board and management control of the network. The company fulfilled all financial obligations to RBNL&rsquo;s committee of creditors within the timelines stipulated in the approved resolution plan.
The National Company Law Appellate Tribunal (NCLAT) and the National Company Law Tribunal (NCLT) Mumbai Bench had earlier approved the resolution plan submitted by Sapphire Media on December 23, 2024, and May 6, 2024, respectively, while dismissing objections raised by competitors such as Radio Orange.
The acquisition of BIG 92.7 FM complements Sapphire Media&rsquo;s aggressive expansion strategy in the tech-driven digital content and broadcasting space. It follows the group&rsquo;s successful launch of India Daily 24X7, a Hindi news channel that has quickly gained recognition for its credible journalism and modern storytelling.
Sapphire Media also operates one of India&rsquo;s largest outdoor advertising networks, positioning the group for strong cross-platform synergy across television, radio, print, digital, and outdoor media.
The company is led by Kaithal-based entrepreneur Sahil Mangla and media professional-turned-entrepreneur Aditya Vashistha.
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Source : Indian Startup News

Sapphire Media Limited has officially acquired BIG 92.7 FM, one of India’s largest radio networks, marking a significant expansion of its media portfolio.

Sapphire Media Acquires BIG 92.7 FM, Marks Major Entry into Radio Broadcasting