'Regional media is growing faster than English'

Q&A: Akhil Gupta, CMD, Blackstone Advisors India

Blackstone, the US private equity firm, has been bullish on the growth of the non-English print media in India. Its earlier attempt to buy stake in Ushodaya Enterprises, owner of the Telugu newspaper, Eenadu, could not materialise. It has now announced its plan to invest $50 million (Rs 225 crore) in the holding company of the Hindi daily, Dainik Jagran’s publisher. This would take Blackstone’s total investment in India to $1 billion, encompassing a portfolio of 10 companies. Akhil Gupta, chairman and managing director of Blackstone Advisors India, spoke to Abhineet Kumar on the ...