0
amar ujala
May 25th, 2008 · No Comments
Amar Ujala to get Rs100 cr debt infusion from DE Shaw
As per Indian laws, a foreign investor can hold a maximum of 26% in a newspaper publishing company, and DE Shaw already holds 18%
The livemint writes in its article “New Delhi: Amar Ujala Publications Ltd, the publisher of Hindi daily Amar Ujala, is close to a financial infusion to the tune of about Rs100 crore from DE Shaw Composite Investment (Mauritius) Ltd Pcc., an investment firm that already holds 18% stake in the newspaper company.
Amar Ujala will take the funds as debt convertible into equity.
The exact nature of the deal—especially what the Rs100 crore would be worth in future equity—is still being worked out.
As per Indian laws, a foreign investor can hold a maximum of 26% in a newspaper publishing company.
DE Shaw picked up 18% stake in the firm in July 2007 at Rs112 crore, valuing the publisher at Rs650 crore at that time.”
Related Reviews
- NSG waiver historic and victory for all Indians: Cong Congress on Saturday hailed the NSG waiver for India as "historic" and said it was a significant victory not only for the UPA but for all Indians. "It is a historic day for India. It is a red letter day," party spokesman Manish Tiwari said moments after reports from Vienna spoke of India getting the waiver by consensus. He said it was indeed a significant victory not only the UPA but for all In...
0 responses so far ↓
There are no comments yet...Kick things off by filling out the form below.
Leave Your Review or Advice on amar ujala