HT Media acquires 19.99 percents stake in Digiperform
HT Media has acquired a 19.99 percent stake in ed-tech company Digiperform. The acquisition will help the company to reach out to the younger generation. In terms of Regulation 30 of SEBI LODR, this is to inform that the company has acquired a 19.99 percent equity stake in Digital Performance Media Private Limited (Digiperform), according to HT Media.
It also submitted that the acquisition got completed, however, due to the unprecedented situation arising out of the second wave of COVID-19, the disclosure u/r 30 of SEBI LODR in the above respect could not be made. Digiperform is an ed-tech company, growing its online and offline presence, which may help HT to reach younger generations cost-effectively, the company said.