HT Media has acquired 5,80,16,000 equity shares of Rs 10 each of India Education Services (IESPL) (constituting 49% of equity share capital of IESPL) held by Apollo Global Singapore Holdings for a consideration of $6,50,000. Accordingly, the joint venture with Apollo Global Singapore Holdings stands terminated with effect from July 18, 2017. Consequently, IESPL has become subsidiary of the company (by virtue of HT Media's holding of 99% of equity share capital of IESPL).
HT Media is engaged in printing and publishing of newspapers. The company’s segments include Printing & Publishing; Radio Broadcast & Entertainment, and Digital.
