DB Infomedia Private Limited acquired i media corp ltd. from D. B. Corp Limited for INR 11.2 million.
January 18, 2017
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DB Infomedia Private Limited acquired i media corp ltd. from D. B. Corp Limited (BSE:533151) for INR 11.2 million on January 19, 2017. DB Infomedia Private will acquire 1.1 million shares of i media corp. For the financial year ended March 31, 2016, i media corp has revenues of INR 13.8 million, total assets of INR 24.9 million, EBITDA of INR 1.9 million, net income of INR 1.5 million and net worth of INR 14.5 million. The transaction has been approved by the Board of Directors of D. B. Corp Limited.
DB Infomedia Private Limited completed the acquisition of i media corp ltd. from D. B. Corp Limited (BSE:533151) 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 
