HT Media moves up on acquiring 19.99% stake in Digital Performance Media
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HT Media is currently trading at Rs. 26.60, up by 0.20 points or 0.76% from its previous closing of Rs. 26.40 on the BSE.
The scrip opened at Rs. 25.55 and has touched a high and low of Rs. 27.15 and Rs. 25.55 respectively. So far 19731 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 35.15 on 22-Jul-2021 and a 52 week low of Rs. 12.43 on 13-Nov-2020.
Last one week high and low of the scrip stood at Rs. 27.15 and Rs. 23.85 respectively. The current market cap of the company is Rs. 617.95 crore.
The promoters holding in the company stood at 69.51%, while Institutions and Non-Institutions held 3.61% and 26.89% respectively.
HT Media has acquired 19.99% equity stake in Digital Performance Media (Digiperform). Digiperform is an Edtech company, growing its online and offline presence which may help HT to reach younger generation in a cost effective way. The company now holds 2,777 equity shares (comprising of 19.99% equity share capital) of Digiperform on a fully diluted basis.
HT Media is engaged in printing and publishing of newspapers. The company’s segments include Printing & Publishing; Radio Broadcast & Entertainment, and Digital.
