MoneyWorks4Me

Hindustan Media Ventures gets nod to invest Rs 4.5 crore in Parijat Innovations

29 Jul 2020 Evaluate

Hindustan Media Ventures’ board has approved the investment upto Rs 4.5 crore in Parijat Innovations, in one or more tranches, by subscribing to its Compulsorily Convertible Preference Shares (CCPS). Parijat Innovations operates www.Hubhopper.com, a content based social platform for podcast content creation, aggregation and distribution. The Board of Directors of the company at its meeting held on July 27, 2020, has approved the same.

Hindustan Media Ventures is one of the leading print media companies in India in terms of readership

Peers
Company Name CMP
D.B. Corp 172.50
Jagran Prakashan 61.46
HT Media 22.33
Navneet Education 124.00
S Chand And Company 146.20
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