Separate entity for publishing business of Kasturi & Sons Ltd

Move to increase focus on publishing business; no plan to bring in external investors, says firm

Kasturi & Sons Ltd (KSL) has decided to demerge its flagship publishing business into a separate entity, bringing in a new structure to the whole entity. It has also announced the board level changes while the operational team continues to be the same.

According to sources, the move will bring English publications, which were under KSL, to a separate subsidiary. With this, KSL would be a holding company under which there would be subsidiaries — The Hindu newspaper, KSL Media, which runs the Tamil daily The Hindu Tamil, KSL Digital Ventures, which runs a real estate portal, and Sporting Pastime