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.
TVS Logistics Services Limited (TVS LSL), India’s leading 3rd Party Logistics (3PL) service provider, is planning to acquire Drive India Enterprise Solutions Limited (DIESL), for an undisclosed sum. The Tata Opportunities Fund (TOF), the flagship Private Equity fund advised by Tata Capital, will invest into TVS LSL to fund the acquisition and to support its future growth through a minority stake.