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NDTV to consider demerging and listing its websites separately

We might actually see an Indian online content site getting listed on the stock exchange: NDTV is considering listing its website ndtv.com and its digital properties as a separate entity, which are operated by its digital subsidiary NDTV Convergence. We're not sure of which other properties come under NDTV Convergence, after the ecommerce properties - NDTV Gadgets, NDTV Auto and NDTV Cooks - were spun off as separate ecommerce portals in March 2015. NDTV Gadgets, NDTV Auto and NDTV Cooks are under Gadgets360.com, Carandbike.com and SmartCooky.com respectively. NDTV claims that its websites reach 65 million unique visitor per month. Note that in February 2014, NDTV's board approved the merger of NDTV Convergence and NDTV Labs, a subsidiary which  offered real time data integration, graphic automation and branding solutions to broadcasters. That, it appears, will be a part of the listed entity. The last instance of an Indian website listing we can think of was Rediff. However, Rediff delisted from the NASDAQ stock exchange earlier this month as it could not meet regulatory requirements. Digital Financials NDTVs digital business reported revenues of Rs 37 crore for the March 2016 quarter, up from Rs 30 crore in the preceding quarter, and Rs 33 crore in the same quarter last year. The segment accounted for 21.38% of the total revenues, and reported an EBITDA of Rs 8 crore compared to Rs 10 crore in the preceding quarter. Television business NDTV's television business reported revenues of Rs 149 crore in the quarter, a growth of 14.61%…

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