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Aditya Birla Group acquires stake in Living Media India

The Aditya Birla Group on Friday announced it had acquired 27.5 per cent stake in the Aroon Purie-controlled Living Media India, marking an entry into the media business. Living Media acts as a holding company and also owns 57.46 per cent in TV Today Network, the listed company that controls the group’s broadcasting assets such as Aaj Tak and Headlines Today, besides publishing a host of magazines that include the flagship India Today. Thomson Press, through which Purie started his business, is a separate entity. According to industry sources, the company has been valued between Rs ...