The group controls Bennett Coleman & Co, which runs the nation’s top newspaper The Times of India. Read more at straitstimes.com.
NEW DELHI – Mr Samir Jain and Mr Vineet Jain, who together control one of the largest media conglomerates in India, have initiated talks with financiers to fund a partition of the Times Group, according to people familiar with the matter.
The funds raised will be used by the brother who gets the newspaper publishing business, the largest by revenue, to pay the other after accounting for other assets received, they said. The funding lines being discussed will be backed by the group’s assets and its cash flows, according to the people. After the division, the brothers may consider bringing in financial investors into their units, they said.
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