Thursday, 7 June 2018

HT Media's board approves Rs400cr investment in its Radio business, stock up 2%

The amount is expected to be invested in one or more tranches in its 100% subsidiary. HT Media’s board has approved a proposal to invest an amount of up to Rs400cr in one or more tranches, in its wholly owned subsidiary company namely, HT Music and Entertainment Company Limited. The amount will be used to fund growth opportunities in its FM Radio business vertical.

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