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HT Media acquires 45.13% stake in Next Radio

15 Nov 2019 Evaluate

HT Media has completed balance acquisition of 3,41,78,052 equity shares of Next Radio (constituting 45.13% stake in Next Radio). Accordingly, the company now holds 48.60% equity stake in Next Radio, directly, and balance 51.40% equity stake through its subsidiary namely, Next Mediaworks.

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 143.10
Jagran Prakashan 62.10
HT Media 23.09
Navneet Education 126.00
S Chand And Company 126.15
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