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".