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

Entities Mentioned

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

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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