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MoneyWorks4Me

HT Media to transfer multi-media content management undertaking to HT Digital Streams

20 Nov 2015 Evaluate

HT Media is likely to transfer its multi-media content management undertaking to its wholly-owned subsidiary HT Digital Streams on a slump exchange basis.

The slump exchange has been arrived at based upon the valuation report obtained from S R Dinodia & Co LLP, Chartered Accountants and is duly approved by the audit committee. A fairness opinion on the scheme has been obtained from D&A Financial Services (P).

HT Media is one of India’s foremost media companies, and home to three leading newspapers in the country in the English, Hindi and Business news segments - ‘Hindustan Times’ (English daily), ‘Hindustan’ (Hindi daily, through a subsidiary) and ‘Mint’ (business daily).

Peers
Company Name CMP
D.B. Corp 143.10
Jagran Prakashan 62.10
HT Media 23.09
Navneet Education 126.00
S Chand And Company 126.15
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