Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Government Pension Fund Global sells stake in HT Media to ICICI Lombard General Insurance

21 Apr 2016Aakash Agarwal1 min read

Quick Facts

What is "Government Pension Fund Global sells stake in HT Media to ICICI Lombard General Insurance" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 21 April 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Outliers
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

HT Media – Capital Mind Outlier Stock - BBand

HT Media Outlier April 2016

HT Media found its beginning in 1924 when its flagship newspaper, Hindustan Times. HT Media has today grown to become one of India’s largest media companies.

Hindustan Times is the choice for nearly 3.7 million readers across India. Hindustan, the group’s Hindi daily, continues to be the second-largest daily in the country with a total readership of 36.6 million.

In addition to Hindustan Times, HT Media also publishes a national business newspaper, Mint. Mint is a one-of-its-kind newspaper in the sense that the company has an exclusive agreement with the Wall Street Journal to publish Journal-branded news and information in India.

Diversifying its ambit of operations, the company in a consulting partnership with Virgin Radio, has launched the FM radio channel - Fever 104.

Government Pension Fund Global which held 9,785,517 shares or 4.20% as of March, 2016 sold 2,610,047 shares or 1.12% to bring its shareholding down to 7,175,470 shares or 3.08%.

ICICI Lombard General Insurance purchased this stake sale of 2,633,784 shares or 1.13%.

HT Media Limited ICICI Lombard General Insurance Norges Bank - Government Pension Fund Global

Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.