India's HT Media Surges on unit's IPO plans
HT Media Ltd., publisher of Hindustan Times in India, peaked in almost two years in Mumbai trading as its unit planned to raise 3 billion rupees ($66 million) through an initial public offer, Bloomberg reported.
Hindustan Media Ventures Ltd., a subsidiary of HT Media, filed a draft red herring prospectus (DRHP) on Friday with the Securities and Exchange Board of India (Sebi) on March 5, according to Indian Television.
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![Digg](http://digg.com/submit?phase=2&&url=http%3A%2F%2Fwww.sfnblog.com%2Ffinancials%2F2010%2F03%2Findias_ht_media_surges_on_units_ipo_plan.php&bodytext=<form mt:asset-id="6024" class="mt-enclosure mt-enclosure-image" style="display: inline;"><div><p class="MsoNormal">HT Media Ltd., publisher of Hindustan Times in India, peaked
in almost two years in Mumbai trading as its unit planned to raise 3 billion
rupees ($66 million) through an initial public offer, <a href="http://www.bloomberg.com/apps/news?pid=newsarchive&sid=avPOpHQHxLVI">Bloomberg
reported</a>.</p></div><div><form mt:asset-id="6024" class="mt-enclosure mt-enclosure-image" style="display: inline;"><br /></form></div><img alt="ht media.jpg" src="http://www.sfnblog.com/ht%20media.jpg" width="238" height="41" class="mt-image-left" style="float: left; margin: 0 20px 20px 0;" /></form><div><form mt:asset-id="6024" class="mt-enclosure mt-enclosure-image" style="display: inline;"><p class="MsoNormal" style="margin-top: 0px; margin-right: 0px; margin-bottom: 0.75em; margin-left: 0px; border-top-width: 0px; border-right-width: 0px; border-bottom-width: 0px; border-left-width: 0px; border-style: initial; border-color: initial; padding-top: 0px; padding-right: 0px; padding-bottom: 0px; padding-left: 0px; font-size: 1em; font-weight: normal; "> Hindustan Media Ventures Ltd., a subsidiary of HT Media, filed a draft red herring prospectus (DRHP) on Friday with the Securities and Exchange Board of India (Sebi) on March 5, <a href="http://www.indiantelevision.com/headlines/y2k10/mar/mar49.php" style="text-decoration: underline; ">according to Indian Television.</a></p></form></div>&title=India's HT Media Surges on unit's IPO plans){kind=link}
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