Wednesday, 2 May 2018

HT Media buys 10% stake in digital media company Editorji

The board of HT Media has approved the acquisition of 10% equity share in digital content company Editorji Technologies worth Rs. 10 crore. The transaction is expected to close by 30 June. The deal will be subject to compliances under the Companies Act, 2013 and government or SEBI Regulations.

SEBI was also informed about the resignation of HT Media CEO Rajiv Verma, who will continue in his current role till his successor joins. Later, Verma would continue to remain associated with the Company in an advisory role. The company has initiated the process of identifying his successor.

HT Media board also approved the re-appointment of Shobhana Bhartia as managing director with effect from 1 July for a period of 5 years, subject to the approval of shareholders.

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