HT Overseas invests in DealStreetAsia

HT Media arm picks up 5% share capital of the target company for 21.51 Singapore dollars per ordinary share

HT Overseas, step down subsidiary of HT Media, the company that publishes dailies Hindustan Times and Mint, has made an investment in Singapore based DealStreetAsia.

The publisher informed the exchanges that the promoter group/group companies have no interest in the target company.

HT Overseas has acquired five per cent share capital of the target company at 21.51 Singapore dollars per ordinary share.

The Singaporean company is the flagship brand of DealStreetAsia Pte. Ltd and is a news and intelligence platform, providing international and regional investors insight into Asian markets.

Its website reports on investments, mergers, acquisitions, private equity, venture capital, investment banking and the business of start-ups across the Asian region.