•  •  Dark Mode

Your Interests & Preferences

I am a...

law firm lawyer
in-house company lawyer
litigation lawyer
law student
aspiring student

Website Look & Feel

 •  •  Dark Mode
Blog Layout

Save preferences

D&D, Kochhar, Legasis do 16% HT Media investment in Hubhopper

Investment of Hindustan Media Ventures Limited in Parijat Innovations Private Limited (Hubhopper), by subscribing to certain equity and compulsorily convertible preference shares, aggregating to 15.79% stake in the company on a fully diluted basis. It is the first investment of HT Group in a company engaged in the field of podcasts, according to reports and stock exchange announcements.

The Board of Directors of Hindustan Media Ventures Limited at its meeting held on 27th July, 2020, has approved investment upto Rs.4.5 Crore in Parijat Innovations Private Limited, in one or more tranches, by subscribing to its Compulsorily Convertible Preference Shares (CCPS).


Desai & Diwanji advised Hindustan Times, HT Media Limited, led by a team of senior partner Sumant Nayak, partner Samidha Tyagi and associate Garvita Mehrotra.

Also advising was Kocchar & Co Delhi.

Update 8 February 2021: Legasis Partners advised ITI Growth Opportunities Fund led by a team including partner Apurv Sardeshmukh and Senior Associate Aanchal Lamba.


Deal value: Confidential

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

Click to show 3 comments
at your own risk
By reading the comments you agree that they are the (often anonymous) personal views and opinions of readers, which may be biased and unreliable, and for which Legally India therefore has no liability. If you believe a comment is inappropriate, please click 'Report to LI' below the comment and we will review it as soon as practicable.