HT Media Gets Board Nod to Invest Additional INR110 Million in Wholly-Owned Arm; Shares Up 4%

MT Newswires Live

2025/02/04

HT Media (NSE:HTMEDIA, BOM:532662) has received board nod to invest up to 110 million Indian rupees in its wholly-owned subsidiary Mosaic Media Ventures, according to a Tuesday filing with the Indian bourses.

The company will acquire 54,428 equity shares at the price of 10 rupees per equity share at the face value of 10 rupees per equity share and a premium of 2,011 rupees per equity share.

The investment will be used by the subsidiary to further grow its business of gathering and distributing news, analysis and research for business, management, investors, and general public.

Shares of the company were up 4% in recent trade.

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