NSE:HTMEDIA

2 stories mentioning NSE:HTMEDIAUpdated 44d ago

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HT Media to Infuse Up to INR50 Million in Subsidiary

HT Media (NSE:HTMEDIA, BOM:532662) board has approved an investment of up to 50 million Indian rupees in its wholly owned subsidiary, Mosaic Media Ventures, through subscription to equity shares, according to a Friday filing with the Indian bourses.The company plans to acquire 5 million equity shares as part of the deal. The transaction is aimed at supporting the subsidiary's financial requirements, the filing said.The investment is expected to be completed within 12 months from the date of board approval, it added.

BOM:532662NSE:HTMEDIA

Asia44d ago

HT Media Swings to Loss in Fiscal Q4; Shares Up 4%

HT Media (NSE:HTMEDIA, BOM:532662) swung to a consolidated attributable loss of 135.6 million Indian rupees in the fiscal fourth quarter ended March 31 from a profit of 410.2 million rupees a year ago.Earnings per share came in at 0.59 rupees from earnings per share of 1.76 rupees a year earlier, the media company said in a filing to the Indian stock exchanges on Friday.Revenue from operations in fiscal Q4 increased to 5.11 billion rupees from 4.94 billion rupees a year ago.The company's shares were up over 4% in recent trade.

BOM:532662NSE:HTMEDIA

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