HT Media has received approval for investment of Rs 10 crore by subscribing to the equity shares of Mosaic Media Ventures (Mosaic), wholly owned subsidiary of the company.
Investment is being made into a wholly owned subsidiary to further grow its business of, inter-alia, gathering and distributing news, analysis and research for business, management, investors and general public. Transaction is expected to be completed within 12 months from the date of Board approval. The Board of Directors of the Company at its meeting held on May 8, 2024, has, inter-alia, approved the same.
HT Media was incorporated in 2002 and is one of the leading media company in India. The company is engaged in print media, electronic media and also conducts several marketing events. It owns one of the leading newspaper Hindustan Times printed in Hindi and English languages.
