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Cyber Media moves up on selling minority stake of CMRSL for Rs 3 crore

05 Feb 2018 Evaluate

Cyber Media (India) is currently trading at Rs. 16.70, up by 0.45 points or 2.77% from its previous closing of Rs. 16.25 on the BSE.

The scrip opened at Rs. 15.45 and has touched a high and low of Rs. 16.70 and Rs. 15.45 respectively. So far 250 shares were traded on the counter.

The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 19.85 on 09-Nov-2017 and a 52 week low of Rs. 7.23 on 06-Sep-2017.

Last one week high and low of the scrip stood at Rs. 17.90 and Rs. 15.45 respectively. The current market cap of the company is Rs. 21.49 crore.

The promoters holding in the company stood at 54.25%, while Non-Institutions held 45.75% stake in the company.

Cyber Media (India) (CMIL) has diluted its minority stake in its wholly owned subsidiary - Cyber Media Research & Services (CMRSL) to Group of investors and Promoters of CMIL. The primary purpose of the divestment was to raise funds for repayment of dues to banks and financial institutions. The total amount raised is Rs 3.00 crore.

There is no change in the management and controlling group of CMRSL. This is part of the continued efforts by the promoters of CMIL to revive the company and reduce its debt obligations.

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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