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Cyber Media’s promoters offload 2 lakh shares

21 Dec 2017 Evaluate

The promoters of Cyber Media (India) (CMIL) have offloaded 2 lakh shares of the company in open market on December 19 & 20 2017. The proceeds from the sale of shares will be ploughed back into the company by way of unsecured loans through promoters.

The company has debt in the books and due to the challenging times with regards to its flagship publishing business had issues of serviceability in the past. Earlier this year, it entered into restructuring cum settlement plan with respect to loans from one Bank thereby reducing overall liabilities. Further, the company is in advanced talks to settle with the other lender too and in an endeavor to raise resources to honor its financial commitments.

Cyber Media is the largest specialty media house in South Asia and amongst India’s top five magazine publishers. The main business activity of the company includes- Edutainment, Interactive Content, market research, Job Search, Publishing, Internet, Events, Content & Pub Services.


Cyber Media (I) Share Price

15.55 -0.04 (-0.26%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
D.B. Corp 214.40
Navneet Education 157.80
Jagran Prakashan 67.00
HT Media 23.96
Hindustan Media Vent 68.84
View more..

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