Top Story

e4m_logo.png

Home >> International >> Article

India Today group firms to go public

16-December-2000
Font Size   16
India Today group firms to go public

The over Rs 300-crore India Today group is planning to take some of its group companies public, through a two-stage dilution of equity. In the first phase, the group will bring in financial or strategic investors, and go public in the second.

To begin with, in Thomson Press, the group’s printing company and one of the largest in the country, the promoters will sell 15-20 per cent equity, after which it will be taken public. The group has mandated the Lazard group to help in the dilution process.

Plans are afoot to spin off some of the divisions in the group’s holding company, Living Media India Ltd, into separate companies and then either rope in investors or go public. Moves are already on to spin off the Internet division into a separate company and rope in financial or strategic investors. The other divisions in the holding company include the magazine publishing division, the music division and an education division.

Purie, has already parted with 10 per cent equity stake in the television company, TV Today Network Ltd., to ICICI Venture, and is planning to sell another 15 per cent to private investors. Charting out the future plan in the TV business, he said: “Going public in the second round is an option we will consider, as that is a comfort which most private investors would like to have.

Tags

Vijay Mansukhani, speaks to exchange4media about the resurgence of Onida, the scope of growth of consumer electronics market in India and the reasons why Indian consumer electronics brands don’t compete on a global scale

Projjol Banerjea opens up about hiring Anne Macdonald and GroupM's Rob Norman, and the brand's new identity

Meera Iyer tells exchange4media that in FY 2016/17, bigbasket clocked a revenue of Rs 1,400 crore. The online supermarket currently stands at 70,000 orders a day, with operations in 25 cities.

CMO, Kashyap Vadapalli on the start-up’s marketing play, why it has decided to stay away from IPL and response to its furniture rental apps

In terms of affiliates, India ranks on the top. Spurred by the fast growth of mobile users and hence internet users, there are millions of websites, apps, WAP-sites and blogs using affiliate marketing...

Insecurity in the workplace due to the idea of AI encroaching on your job, or being sidelined at work because of your small town background? Sandeep Goyal has the right answers to help you deal with w...

As National Sales Head at News18.com, Ashish aims to bring on board a maximum number of advertising partners and consolidate the network’s position as a leader in the space.