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HT Media soars on acquiring 45.13% stake in Next Radio

HT Media is currently trading at Rs. 16.20, up by 0.20 points or 1.25% from its previous closing of Rs. 16.00 on the BSE.

The scrip opened at Rs. 16.00 and has touched a high and low of Rs. 16.20 and Rs. 15.80 respectively. So far 3580 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 2 has touched a 52 week high of Rs. 44.06 on 10-Jan-2019 and a 52 week low of Rs. 15.80 on 08-Nov-2019.

Last one week high and low of the scrip stood at Rs. 17.25 and Rs. 15.80 respectively. The current market cap of the company is Rs. 370.07 crore.

The promoters holding in the company stood at 69.51%, while Institutions and Non-Institutions held 12.91% and 17.59% respectively.

HT Media has completed balance acquisition of 3,41,78,052 equity shares of Next Radio (constituting 45.13% stake in Next Radio). Accordingly, the company now holds 48.60% equity stake in Next Radio, directly, and balance 51.40% equity stake through its subsidiary namely, Next Mediaworks.

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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