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

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

Meanwhile Radio City and Radio Mirchi ruled Bangalore and Kolkata respectively

Pankaj Belwariar, who recently resigned from the post of Vice President Marketing at Sakal Media Group, has now joined Rajasthan Patrika as the Head of Marketing in North and East region.

A look at Vivo’s ad campaign with their all-new brand ambassador Aamir Khan, which has fetched them a whopping 21 million views on YouTube