HT Media is currently trading at Rs. 105.90, up by 1.80 points or 1.73% from its previous closing of Rs. 104.10 on the BSE.
The scrip opened at Rs. 106.00 and has touched a high and low of Rs. 106.00 and Rs. 105.90 respectively.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 145.95 on 01-Mar-2012 and a 52 week low of Rs. 82.00 on 31-Jul-2012.
The current market cap of the company is Rs. 2,488.00 crore.
The promoters holding in the company stood at 68.84% while Institutions and Non-Institutions held 20.56% and 10.60% respectively. 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.
| Company Name | CMP |
|---|---|
| D.B. Corp | 231.40 |
| Navneet Education | 148.10 |
| Jagran Prakashan | 67.29 |
| HT Media | 22.25 |
| Hindustan Media Vent | 66.32 |
| View more.. | |
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