Rare Enterprises has reportedly bought 15 lakh shares of HT Media through open market route. The shares were purchased on an average price of Rs 71 valuing the transaction to Rs 10.70 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.