Digitization- A game changer for TV18?

Anyone knows how tv18 saw big jump in reserves and big reduction in borrowing ?

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Anybody tracking this?
How the recent JV with jiocinema n hotstar gonna affect TV18?
Charts didnt show any reaction as such.

Can someone please help me understand what exactly is happening in Tv18 & why is stock down 40%?
What is the latest nclt filing for?