HT media consolidates its digital domain to get listed on the BSE

HT Media plans to list its digital business under the roof of Hindustan Times Digital Venture Limited (HTDVL). With this step, HT Media will be segregated from its Hindustan Times Digital Streams Limited (HTDSL), responsible for multi-media content management service, and merge with its new entity.This step will allow the media company to get listed on the Stock Exchange.

The other properties from the media group under its digital domain will also be merged with the new entity, except for their job portal Shine.com. HTDSL is an entity pursued headed by both HT Media and Hindustan Media Ventures Limited (HMVL). With the developments under the structure of the company, HMVL 43% stake in HTDSL will be hence, be transferred to the new entity HTDVL.

It has also been clarified by a source close to the development that once HTDVL is demerged from HT Media it will be listed through an auto-listing process since the demerger happened from a listed entity and the process will be completed within six to eight months.

The shareholders of HTML will be given shares in HTDVL and on that basis, the listing will be taking place and thereafter, the price discovery will be settled. The new establishment will also enhance the media group's chances of getting associated with the right set of investors, employees, and strategic partners and will even lead to a better team management.