Wednesday, October 05, 2005

Indian Express IPO

Exchange4Media reports that the Indian Express group's IPO plans continue to move forward. The group, which includes newspapers and business publishing activities "was close to finalising a merchant banker and aimed at coming out with the initial public offering by the end of the financial year" according to the news site, quoting Shekhar Gupta, Editor-in-Chief, Indian Express.

Timing of the IPO is still somewhat uncertain although the company says it will be before the end of this financial year. The report ends with a note that the group "is coming out with a host of new general and special magazines by the year-end and holding a summit as part of its ‘India Empowered’ campaign in the third week of October".

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