Hindustan Media Ventures Limited has informed the Exchange about Acquisition
HMVL · price
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Hindustan Media Ventures (HMVL) announced two key decisions from its August 4, 2025 board meeting. First, Q1 FY26 (June 2025) consolidated revenue from operations rose to Rs. 18,299 lakhs from Rs. 16,218 lakhs YoY, while profit after tax jumped sharply to Rs. 1,024 lakhs from Rs. 52 lakhs YoY. EBITDA stood at Rs. 1,772 lakhs. Second, the board approved an investment of up to Rs. 20.01 crore in A&A Dukaan Financial Services Private Limited (BankBazaar), a Chennai-based fintech founded in 2008 with FY24 turnover of Rs. 186.8 crore, by subscribing to equity shares or compulsorily convertible preference shares. The deal is expected to close by September 2025 and is not a related party transaction.
The investment diversifies HMVL into fintech beyond its core print and digital media business, using surplus cash (networth of Rs. 162 crore) for potential capital returns while leveraging media assets. Strong YoY profit growth and operational turnaround may support the stock, though the deal size is modest relative to company size.