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Dainik Bhaskar IPO , another media stock to list

bharat_vora's picture
Submitted by bharat_vora on December 9, 2009 - 11:16

After staying private for long time , Dainik Bhaskar is going public. This is the best way to find real value of your company.B Corp will launch its initial public offering
(IPO) to raise about Rs385 crore.

DB Corp publishes seven
newspapers in three languages across 11 states in India. Its flagship
newspapers, Hindi-language Dainik Bhaskar and Gujarati-language Divya
Bhaskar and Saurashtra Samachar, have a combined average daily
readership of 15.5 million readers.

The company also operates 17 FM radio stations through a subsidiary.

Citigroup, Kotak Mahindra and Enam Securities are lead arrangers for the issue.

Times of India will remain only major news publisher without a public company .


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