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Times of India group eyes UK's Trinity Mirror

The largest Indian newpaper publishing house Bennett, Coleman & Company Ltd (BCCL), which owne the Times of India group of newspapers, is planning to acquire UK-based newspaper group Trinity Mirror, newspaper reports quoting market sources said. BCCL is in talks with some large shareholders of Trinity Mirror to pick up their stakes before launching a formal offer, the reports said. Trinity Mirror Plc, one of the UK's largest newspaper groups, publishes papers like the Daily Mirror and Sunday Mirror and has a portfolio of more than 350 media brands, including five national newspapers, over 150 regional newspapers and 200-plus websites. The group employs over 9,000 people in more than 150 centres across the UK, including nine major printing sites, its website said. […]

JM to sell stake to Valiant Capital , Blue Ridge and Eton Park

JM Financial Ltd said on Friday it will sell a 12 percent stake in its fund unit, JM Financial Asset Management, to raise 1.12 billion rupees to fund expansion. “We want to increase our distribution muscle across India and that requires capital,” Vishal Kampani, director of the fund house, told Reuters in an e-mail. “We want to maintain a 25-30 percent plus growth in the AUM over the medium term,” he said, adding he was not looking at raising more capital for at least two years as the business plan was funded. The fund house has seen average assets surge more than 200 percent to 116.55 billion rupees in the last one year, far higher than the 38.1 percent growth of the industry, according to data from the Association of Mutual Funds in India. […]

BCCL picks up stake in Naaptol Online

Bennett, Coleman & Co Ltd (BCCL) has picked up a stake in Naaptol Online Shopping Pvt Ltd, owner of the portal , India's new entrant in the comparison based shopping portal. This web portal has brought interactivity and innovation to make purchases more exciting. Speaking about the tie-up with BCCL, Manu Agrawal, CEO Naaptol Online Shopping Pvt Ltd, said, “Our association with the media conglomerate BCCL is a strong step forward in creating the best foothold. With this association, we look forward to carve a space for among the best portals for online shopping.” Listed on the site are a reputed network of sellers and a trusted circle of consumers. With over 20,000 clicks each day, constantly endeavours to cater to the pan India shopping audience. […]