I think since there is a very detailed write up which is missing in the earlier thread we may continue this thread and continue to post comments here.
Good write up dhwanil.
ENIL has been on my watchlist since a long time but I did not bother to go into too much details. Your write up provides the much needed insights into the business. I agree that if one wants to play only the radio business, ENIL is the way to go.
With the new licenses and TV Today stations radio mirchi will now be available in 43 cities (earlier 32.)
ENIL has bid and received second and third frequencies in some cities. My question is wont this be a sort of cannibalising on its own business?
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