Top Story


Home >> Media - Others >> Article

Hindustan Media Ventures to list shares on July 21; issue price fixed at Rs 166

Font Size   16
Hindustan Media Ventures to list shares on July 21; issue price fixed at Rs 166

Hindustan Media Ventures, a subsidiary of HT Media Ltd has fixed July 21, 2010 as the listing date for its equity shares, which were recently issued via its public issue. The company has fixed the issue price at Rs 166 a share, while the price band stood at Rs 162-175 a share.

The Rs 270 crore issue was opened between July 7 and July 9 and was subscribed 5.43 times. Maximum bids were received at Rs 162-166 per share. Qualified institutional investors showed strong interest in this issue; their reserved portion got subscribed nine times. Non-institutional and retail investors’ portion subscribed 3.4 times and one time, respectively.

HT Media Ltd holds 98.85 per cent stake in HMV, one of the leading print media companies in India in terms of readership (Source: IRS, R2 2009). Hindi daily Hindustan is currently printed at 16 locations in the states/ regions of Uttar Pradesh, Bihar, Jharkhand, Uttarakhand, Punjab and Delhi NCR, with a total installed rated capacity of approximately 0.78 million copies per hour.

The objectives of the issue were to raise funds for setting up new publishing units, upgrading existing plant and machinery, prepayment of loans, and for general corporate purposes.


Baba Ramdev brought his sharp wits for an interview with e4m where he promised to disrupt more markets and spoke about he the way he created a brand through consistent and selfless work

GroupM is in talks with several digital clients currently with its other agencies to shift them to Essence, which is looking at a major expansion plan in 2018

Thomas, Chief Marketing Officer, Diageo India, gives us a peek into the marketing strategy for McDowell’s No 1 Soda, its creation of ‘No 1 Yaari Jam,’ their own set of 4Ps and importance of content

NewsCode, a hyper local online news platform was launched last night with a network of over 350 local reporters in Karnataka and Jharkhand. Apurv Swarup, the co-founder talked to Exchange4Media about his vision

Voot, which is producing almost 4X content on an overall basis on the reality drama, is gunning for big numbers both on viewership and advertising revenue

YouTube today released its annual year-end edition of the YouTube Ads Leaderboard 2017 capturing the most celebrated ads that received maximum views, shares, and love from audiences across India

Real world study of Appier's network shows significant benefits of AI over traditional rule-based systems