HINDUSTAN MEDIA VENTURES LIMITED announced it has entered into agreement with new investor Hindustan Media Ventures Limited to issue common shares and optional preferred shares at an issue price of INR 18,160 for the gross proceeds of INR 349,979,520 on August 25, 2023.The company also expects to receive 45,165 common shares at an issue price of INR 18,160 for the gross proceeds of INR 820,196,400; 9,636 optionally convertible redeemable preference shares at an issue price of INR 18,160 for the gross proceeds of INR 174,989,760; aggregate gross proceeds of INR 995,186,160 in first tranche between September 1, 2023 to September 7, 2023.