Times of India Group Likely to Sell a 10% Stake in Its Internet Unit

Source: flickr.com

The Times of India (TOI) is an English-language daily newspaper in India, as well as a multimedia news outlet, owned and maintained by The Times Group. With its first edition published in 1838, it is India’s oldest English newspaper and the second-oldest Indian newspaper still in circulation. It is known as “The Old Lady of Bori Bunder”and is a “newspaper of note” in India.

The Times of India Group Is Likely to Sell a 10% Stake in Its Internet Unit in Order to Grow Its Digital Sector

According to people familiar with the matter, the Times of India publisher is considering selling a stake in its Internet unit as it seeks to expand its business in one of the world’s fastest rising digital markets. The Times Group, an Indian conglomerate, is working with an adviser to explore options for a 10% stake in Times Internet Ltd. It also looking to bring in financial or strategic investors, including global technology firm, for India’s largest digital company

Bennett Coleman hopes to begin negotiations with potential suitors as soon as this month, according to one of the sureties Internet, which was created in 1999. It owns some of the most popular news websites, live-streaming apps, and fintech firms in the world

This is one of several apps , like Ropose and Moj, that are seen as local competitors to TikTok, which was one of 59 Chinese apps banned in the country in June amid border tensions between India and China.

According to market analyst Sensor Tower, Takatak was the second most downloaded free app in India’s Google Play Store, and eighth most downloaded for iPhone.


Written by - Maram Rohini