Warburg Pincus Picks Up 7 Per Cent In Hindi Media Group Dainik Bhaskar For $33.33 Million

Business Standard: Hindi media is attracting serious money. Dainik Bhaskar, a regional language newspaper group which has significant presence in central India, will receive Rs 150 crore ($33.33 million) funding from private equity firm Warburg Pincus for giving away 7 per cent stake. This puts the valuation of the company at Rs 2143 crore ($476 million).
Another major foreign investment in a Hindi language newspaper group was that of UK’s Independent News & Media‘s acquisition of 26 per cent in Kanpur-based Jagran Prakashan Ltd (Dainik Jagran) for Rs 150 crore (-

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