Aditya Birla Group is planning to acquire 26% stake in Living Media India Limited, which owns the India Today group of publications.
Living Media owns 57.1% in TV Today Network, the listed company that owns the group’s broadcasting assets.
New Delhi based Living Media has interests in magazines, newspapers, books, radio, television, printing and the Internet. It brands include India Today, Business Today and clutch of licensed magazines such as Cosmopolitan, Good Housekeeping, Men’s Health, Harper’s Bazaar, Travel Plus and Harvard Business Review, among others.
US based EnerSys has acquired 50.5% stake in Hyderabad-based Energy Leader Batteries India Private Limited, a VRLA battery manufacturer through its Singapore subsidiary - EnerSys Reserve Power Pte. Ltd.
BSE and NSE Listed Fortis Healthcare is selling its Singapore-based healthcare services unit RadLink-Asia Pte Ltd and its subsidiaries to Fullerton Healthcare Group for approx $83.5 Mn (R530 Cr). The firm was planning to exit its Singapore businesses since last year. The deal is expected to complete by May12.