HT Media gets nod to sell its 51% stake in HT Burda Media

HT Media Ltd. | Printing And Publishing | Media | BSE: 532662 | NSE: HTMEDIA

28 Feb 2013 Evaluate

HT Media has received in principle approval to sale its 51% stake in HT Burda media for Rs 60 crore. A term sheet has been signed to this effect. The board of company has approved for the same.

The decision follows the strategic review of HT Media‘s long term plan. The sale will be value accretive to HT media as the gross margins in the printing business are far lower when compared with the print media business.

HT Burda Media is a joint venture between HT Media, India and Burda Druck Gmbh, Germany

HT Media is engaged in print media, electronic media and also conducts several marketing events. The group's Hindi newspaper ‘Hindustan’ ranks as the third largest-read daily in the country. The company has various online properties like HindustanTimes.com, Shine.com, LiveMint.com and DesiMartini.com.

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
View more..

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.