Sambhaav Media has planned to acquire 720025 equity shares of face value of Rs 10 each, equivalent to 14.92% of the issued subscribed and paid?up share capital of Gujarat News Broadcasters. The acquisition is of strategic nature and is aimed to consolidate the news media activities of the company. The shares are being acquired for an aggregate consideration of Rs 1.18 crore in cash.
Sambhaav Media (Sambhaav) is engaged in the business of Print Media in the form of Newspaper and Magazine Publication. Audio Video Media in the form of Public Entertainment System and TV Channels. Digital Media by way of Online Portal. Social Media and varied advertising and communication means as its care activities.
