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HT Media acquires 36.82% stake of NMW

HT Media has acquired 2,46,28,563 equity shares of Next Mediaworks (NMW) of Rs 10 each, at a price of Rs 27 per share representing 36.82% of the fully diluted voting equity share capital of NMW, pursuant a share purchase agreement dated December 20, 2018, executed by and between HTML and the promoters and members of the promoter group of the NMW.

HT Media is engaged in printing and publishing of newspapers. The company’s segments include Printing & Publishing; Radio Broadcast & Entertainment, and Digital.

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