Reliance Capital Asset Management has increased its stake in HT Media by 1.06% to 5.10%. The investment firm has acquired 25 lakh shares in the open market on October 1, 2013.
As on June 30, 2013, the promoters holding in the company stood at 68.99%, while institutions and non-institutions held 20.85% and 10.16% stake in the company, respectively.
HT Media reported 21% increase in its first quarter consolidated net profit at Rs 51.58 crore as against Rs 42.6 crore in the same period a year ago, driven by higher revenues from advertising.
