/ HT Media Increases Stakes In IESPL To 99% ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 20 July 2017

HT Media, in a BSE filing on Wednesday, said that the company has acquired 5,80,16,000 equity shares of Rs 10 each of India Education Services Private Limited (IESPL) (constituting 49% of equity share capital of IESPL) held by Apollo Global Singapore Holdings Pte. Ltd. for a consideration of USD 6,50,000.

Accordingly, the joint venture with Apollo Global Singapore Holdings Pte. Ltd. stands terminated w.e.f. July 18, 2017. Consequently, IESPL has become a subsidiary of HT Media’s, which now holds 99% of equity share capital of IESPL, the company said.HT Media was trading at Rs 86.25, down by Rs 1.25 or 1.43% as at 1035 hours on Thursday, on the BSE.
 
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