SPONSORED BY

Auto Segment
Mutual Fund Segment
My Budget
Expert Speak
In Association With
 
Business Standard

Network 18 Media jumps on stake sell hopes

Shares up 2% after slipping in opening deals

Related News

Media & Investments has jumped in early trades as the company looks on to sell stake in its business directories -Yellow Pages and ASK Me.

This is in line with the company's stated objective of monetising non-core assets profitably. In December, Network18 sold its entire stake in financial data and news terminal business 'NewsWire18' to private equity firm Samara Capital for Rs 90 crore.

Earlier, Network18 had also sold its stake in one of the Capital18 investee companies -- NetworkPlay and then partially diluted its stake in digital commerce firm -- Bookmyshow.Com.

Moreover, CCI has approved a proposed deal between Walt Disney and Network18 group firms, involving combination of their TV channel aggregation business for various distribution platforms.

The stock opened at Rs 34.05 and after touching a low of Rs 33.40 managed to gain 3% to a high of Rs 34.25. The stock is now up 2% at Rs 33.95. Around 17,000 shares have changed hands on the counter so ar, as against a two week daily trade average of 1,68,000 shares.

Read more on:   
|
|
|
|

Read More

Markets gain after a negative start, oil shares help the upmove

Markets gain after a negative start, oil shares help the upmove

Recommended for you

Quick Links

Market News

Worrying signs as global crude oil inventory hits 80-year high

Slippery slope ahead if oil demand and prices don't pick up soon

Nifty holds 8,900 amid choppy trades; FMCG, Pharma shares lead

The 30-share Sensex gained 68 points to end at 29,449 and the 50-share Nifty rose 15 points to close at 8,938.

Sensex ends 78 points higher amid choppy trades, HDFC twins up 2%

Provisionally, the 30-share Sensex gained 78 points to end at 29,458 and the 50-share Nifty rose 13 points to close at 8,936.

HCL Technologies hits new high on strategic alliance with Tele2

The stock up 2% at Rs 2,075, also its record high on BSE.

Nickel down 0.1% on profit-booking

Metal for delivery in April traded lower by 0.03%

 

Back to Top