Top Story

e4m_logo.png

Home >> Media – Print >> Article

Indian Express group takes 10 per cent share in Mid Day

04-March-2005
Font Size   16
Indian Express group takes 10 per cent share in Mid Day

Mid Day Multimedia has got yet another stakeholder. This time it is the Indian Express that has picked a 10 per cent stake in the organisation. A similar development was seen last year when Bennett, Coleman & Co increased its stake in the publication to 7.82 per cent.

Confirming the development to exchange4media, Indian Express sources said, "This is a financial investment made by one of the Express group companies that is Indian Express. We have agreed to purchase 10 per cent stake in Mid Day Multimedia. We already have mutual cooperation with the group in other areas and this is just taking that relation further."

Mid Day shares have been in the news since October 2004, when Bennett, Coleman & Co bought 6.15 per cent of the company stock (in addition to 1.67 per cent stake earlier) through its financial company BanHem Financial Investment Consultancy Ltd.

Tags

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing trails like GST, demonetization and being a part of the larger cultural space

Their strategy to educate the consumers to make well informed decisions at all stages has worked out well.

Bobby Pawar, MD, CCO - South Asia, Publicis India, talks about his idea of chilling out

The Managing Editor of Public TV gives insights about the struggle the Kannada news channel endured during its nascent stage and what led them forward to the second position that they occupy right now in what is a rather crowded marketplace

The unveiling of the Pitch Madison Advertising Report 2018 event was held on February 15, 2018. Over the years, the report has become a benchmark in the industry. Here are some pictures from the event...

Exchange4media interacted with Jaspreet Chandok, Vice President and Head (Fashion) , IMG Reliance Pvt. Ltd on seamless brands integrations planned for Lakme Fashion Week, walking tall despite blazing...

Jake Dyson, Chief Engineer and Member of the Dyson board, spoke about the innovations and technology that they plan to bring to India