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UTV Acquires 76% In Internet Publishing Firm For Rs 15 Crore

VCCircle (May 27 2008) Acquisition

Categories:
Markets: Bollywood, Gaming, Maps/Local, Mobile, Outsourcing, Social Networking, Telecom, Travel, Video
Financing: Acquisition, Funding
Other: Jobs, Reports

Entities Mentioned

  • Hindustan Times
  • Dataquest
  • Ronnie Screwvala
  • Jasubhai Digital Media
  • Mediaworks
  • Cybermedia Group
  • Living Digital
  • UTV Software

Authors

  • Madhav A Chanchani

  1. United New Media Ventures Ltd (UNMVL), a subsidiary of UTV Software Communications Ltd, has acquired a 76 per cent in IMPL, the company that owns tech portal ITNation, for Rs 15 crore. The acquisition was done by a combination of issue of fresh equity shares of ITNation and also the stake from the existing promoters. [...] (Read Full Article)

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