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Board of H T Media approves investment of up to Rs 400 cr in subsidiary

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Capital Market 

At meeting held on 06 June 2018

H T Media announced that the Board of Directors of the company at its meeting held on 06 June 2018 has approved to invest an amount up to Rs. 400 crore in one or more tranches, in its wholly-owned subsidiary company namely, HT Music and Entertainment Company to fund expansion/ growth opportunities in its FM Radio business vertical.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Thu, June 07 2018. 10:42 IST