NDTV - NBC deal

With reference to the earlier announcement dated January 22, 2008 wherein the Company had informed that New Delhi Television Ltd (NDTV) and an overseas subsidiary of NDTV have signed a Memorandum of Agreement ("MoA") with NBC Universal, Inc. (NBCU) and a subsidiary of NBCU in respect of the sale / issue by an overseas subsidiary of NDTV of an effective 26% stake to an affiliate of NBCU for consideration of USD 150 million. In this regard New Delhi Television Ltd (NDTV) has now informed BSE that the Board / Committee of Directors of the Company at its meeting held on February 07, 2008, has approved the seeking of approval from the shareholders of the Company for the MoA entered amongst Universal Studios International B.V, NBC Universal Inc., New Delhi Television Ltd and NDTV Networks B.V, by way of a Postal Ballot. The Board / Committee of Directors of the Company also authorized execution of any document or contract, to make such regulatory filings and to do all the necessary acts / deeds / things as the Board may, in their absolute discretion, consider to be necessary, appropriate, advantageous, advisable or otherwise desirable to give full effect to the MoA entered into.