Hindustan Media Ventures has entered into agreement dated August 25, 2023, for making an investment of up to Rs 35.02 crore in two tranches of upto Rs 17.51 crore each, by subscribing to equity shares and/or convertible equity linked instrument of Vyomeen Media (Newsreach).
As per the terms of the agreement the company has agreed to invest the aforesaid tranche-1 investment through 1 equity share and 9,636 convertible equity linked instrument (optionally convertible redeemable preference shares) of Newsreach. Investment is being made into a growing company that is doing well in the field of PR, media, content and advertising.
Hindustan Media Ventures is engaged in the business of Printing and Publication of Newspapers and Periodicals.
