HT Media buys 19.99% stake in ed-tech firm Digiperform
The company made the announcement in a regulatory filing
HT Media has acquired a 19.99% 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 you that the Company has acquired a 19.99% equity stake in Digital Performance Media Private Limited (Digiperform),” HT Media said in a regulatory filing.
It also submitted that the acquisition got completed on 24th March 2021, 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.
On 21st December 2018, the company had subscribed to 21 share warrants of Digiperform amounting to Rs 1,05,00,000/- and one equity share of Rs 10/-.
Digiperform is a leading digital marketing certification company having PAN India presence. It imparts skill-based digital marketing training to create opportunities for self-employment and/or to get better job placements.
