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Reed Infomedia India Ltd, the JV between BSE-listed Infomedia 18 Ltd and B2B publisher Reed Business Information, has discontinued operations. The company as a legal entity still stands, even though operations ended on 28 February, a person familiar with the situation said. The legal process to dismantle the JV will begin shortly.
We reported in January that Reed Business Information, part of the global publishing and information services giant Reed Elsevier (NYSE: RUK) Group Plc., might pull out of the Indian JV.
Started in 2005, Reed Infomedia published four magazines and a portal