Reliance Mutual Fund Invests In HT Media

Relaince Mutual Fund has invested around r13.05Cr in HT Media. The fund acquired 15,00,000 shares at R87 per share of HT Media through bulk deal on BSE.

Reliance Mutual Fund already holds 2.83% stake through Relliance Growth Fund account.

HT Media Ltd is an Indian mass media company based in Delhi, India. It publishes Hindustan Times, an English daily, and Mint, a business paper. It operates 19 printing facilities across India with an installed capacity of 1.5 Mn copies per hour.

HT Media had bought social networking site DesiMartini through its online subsidiary Firefly eVentures in 2007 and invested in Micro Technologies through 5 lakh CCD’s worth R20 Cr.

Source: http://www.dealcurry.com/20120824-Reliance-Mutual-Fund-Invests-In-HT-Media.htm