D. B. Corp Limited acquired the remaining 9.91% stake in DB Infomedia Private Limited for INR 0.01 million.
January 18, 2017
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D. B. Corp Limited (BSE:533151) acquired the remaining 9.91% stake in DB Infomedia Private Limited for INR 0.01 million on January 19, 2017. Under the terms, D. B. Corp Limited acquired 5,000 shares at INR 1 per share, increasing its shareholding from 90.09% to 100% in DB Infomedia Private Limited. In a related transaction, DB Infomedia Private Limited acquired I Media Corp Limited from D. B. Corp Limited (BSE:533151) for INR 11.2 million on January 19, 2017. DB Infomedia Private Limited had revenues of INR 0, total assets of INR 9.08 million, negative shareholder's funds of INR 41.16 million, negative EBITDA of INR 38.93 million and net loss of INR 41.77 million for the financial year ended March 31, 2016.
D. B. Corp Limited (BSE:533151) completed the acquisition of the remaining 9.91% stake in DB Infomedia Private Limited on January 19, 2017.
D.B. Corp Limited is an India-based print media company, which is engaged in the sale of newspapers and magazines, and advertisement revenue. The Company also has a presence in the radio and digital sectors. The Company's principal business activities include print, radio, and digital. The Print Business includes newspaper, magazines and printing job work. Its Magazines & Supplements include Aha! Zindagi, Bal Bhaskar, Young Bhaskar, Madhurima, Navrang, Kalash, Dharmdarshan, Rasik and Lakshya. The Radio Business includes the broadcasting of radio 94.3 my Frequency modulation (FM). Its brands in publishing business include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarati dailies), Divya Marathi (Marathi daily) and DB Star. The Digital business includes the Websites dainikbhaskar.com, divyabhaskar.com, divyamarathi.com, homeonline.com, and moneybhaskar.com.
D. B. CORP LIMITED 
