HT Media in news

about 5 months ago
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HT Media has shown a spurt in volumes of almost 3 times since the opening bell, with the stock price going up almost 4.5% to Rs.40.30. Its 20% UC is at Rs.46.35.

Taking ahead its Board decision on 20th Dec’18, the company has decided to purchase 3,68,08,001 equity shares of NRL, constituting 48.6% stake, a subsidiary company of Next Mediaworks Limited ("NMW").

The company entered into a purchase agreement on March 1, 2019.

The aim of this buy is to derive synergy of FM operations of the company with Next Radio.

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