TV18 to buy 53 percent stake in Infomedia India

TV18 Limited in an annoucement made to the stock exchanges has informed that the company has acquired a majority stake of 53 per cent from ICICI Ventures in Infomedia India Limited a major publication company in India. The stake sale to TV18 from ICICI Venture didnt indicate the price paid per each share. This would be a good news to the Infomedia share holders as it will unlock the value in the shares. Stock prices of Infomedia  India Limited closed at Rs 258, up 6.5 per cent from the on the BSE.