Business Standard

Times group weighs selling minority stake in digital arm Times Internet

Bennett Coleman aims to start discussions with prospective suitors as soon as this month

Photo: Bloomberg

Times Internet, founded in 1999, owns some of the country’s most popular news websites, live-streaming apps and fintech firms. (Photo: Bloomberg)

Baiju Kalesh, Anto Antony and P R Sanjai | Bloomberg
Bennett Coleman & Co. is considering selling a stake in its Internet unit, according to people familiar with the matter, as the publisher of The Times of India looks to expand the business in one of the world’s fastest growing digital markets.

The Indian conglomerate, also known as the Times Group, is working with an adviser to explore options for a 10 per cent stake in Times Internet Ltd., said one of the people. It is looking to bring in financial or strategic investors including global technology companies, for India’s biggest digital firm, said the people, who asked not to be

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First Published: Aug 19 2020 | 9:29 AM IST

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