Recently TV Today Network Limited acquired equity shares in
both India Today Online Private Limited and Mail Today Newspapers Private
Limited. Following the acquisition of 74,887,389 equity shares of India Today
Online Private Limited, TV Today now controls 100% of its paid-up share
capital. “We got these shares as a gift from our promoter company (Living Media
India Limited),” said Ashish Sabharwal, Company Secretary, TV Today.
On March 15, TV Today simultaneously completed the
acquisition of 33,042,625 equity shares of Mail Today Newspapers Private
Limited from A.N. (Mauritius) Limited again as an act of gift. As a result, TV
Today along with India Today Online Private Limited holds Mail Today’s 100%
paid-up share capital.