AMG Media Networks has bought an additional partnership in IANS India Pvt news agency by investing Rs 5 crore.
Under this, a 25.5% stake in Category-I equity shares with voting rights has been purchased. With the shares purchased earlier, AMG Media now has a 76% stake in IANS.
The company has also purchased an additional stake of 48.76% in Category II. There are no voting rights in it.
AMG Media now has a 99.26% stake in this category. In a board meeting on January 16, the IANS board approved the allotment of these shares.
Let us tell you that on December 15, the media company bought a 50.5% stake in IANS in both categories.
