HT Media Limited has sold its entire 51% stake in JV Company – HT Burda Media Limited (HTB) to its German JV partner – Burda Druck GmbH for Rs. 60 crore..Gnarus Partners advised Burda Druck GmbH, a Germany based media and publishing house. Gnarus team was led by Managing Partner Rishi Anand along with Associate Jitendra Soni..S&R Associates advised HT Media with a team led Partner Rajat Sethi along with Radhika Iyer and Dhruv Nath..Pursuant the acquisition, Burda Druck will be the 100% owner of HTB, which will help Burda Druck to grow its business in India exponentially..HTB was a joint venture company between Burda and HT, incorporated in 2008 for the purposes of establishing rotogravure printing facility for printing of large volume of magazines, catalogues or books with minimum turnaround time at a low cost in India..In February 2013, the Board of HT had decided to sell its entire shareholding in HTB to its joint venture partner, following the review of HT’s long-term strategy.
HT Media Limited has sold its entire 51% stake in JV Company – HT Burda Media Limited (HTB) to its German JV partner – Burda Druck GmbH for Rs. 60 crore..Gnarus Partners advised Burda Druck GmbH, a Germany based media and publishing house. Gnarus team was led by Managing Partner Rishi Anand along with Associate Jitendra Soni..S&R Associates advised HT Media with a team led Partner Rajat Sethi along with Radhika Iyer and Dhruv Nath..Pursuant the acquisition, Burda Druck will be the 100% owner of HTB, which will help Burda Druck to grow its business in India exponentially..HTB was a joint venture company between Burda and HT, incorporated in 2008 for the purposes of establishing rotogravure printing facility for printing of large volume of magazines, catalogues or books with minimum turnaround time at a low cost in India..In February 2013, the Board of HT had decided to sell its entire shareholding in HTB to its joint venture partner, following the review of HT’s long-term strategy.
