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HT Media to invest Rs 400 crore in wholly owned subsidiary

07 Jun 2018 Evaluate

HT Media has received an approval to invest an amount up to Rs 400 crore in one or more tranches, in its wholly owned subsidiary company namely, HT Music and Entertainment Company to fund expansion/ growth opportunities in its FM Radio business vertical. The Board of Directors of the company at its meeting held on June 06, 2018, approved the same.

HT Media is engaged in printing and publishing of newspapers. The company’s segments include Printing & Publishing; Radio Broadcast & Entertainment, and Digital.

Peers
Company Name CMP
D.B. Corp 182.55
Jagran Prakashan 62.41
HT Media 23.78
Navneet Education 127.50
S Chand And Company 135.00
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