HT Media (HTML) and Burda Deuck GmBH, Germany, the joint venture partners of HT Burda Media i.e. the JV Company (HT Budra), have executed share purchase agreement and other transaction documents to conclude the transaction of sale of 51% stake of HTML in HT Budra, to Burda Deuck for an aggregate consideration of Rs 60 crore.
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.
