MoneyWorks4Me

Norges Bank buys 34.40 lakh shares of HT Media: Report

18 Nov 2013 Evaluate

Norges Bank has reportedly bought 34.40 lakh shares or 1.46% stake of HT Media through the open market route. The shares were purchased on an average price of Rs 77 valuing the transaction to Rs 26.51 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.

Peers
Company Name CMP
D.B. Corp 175.25
Jagran Prakashan 61.95
HT Media 23.00
Navneet Education 121.60
S Chand And Company 140.25
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