Deal Corner
June 01, 2010
Mid-Day Multimedia Ltd recently announced the demerger of its print business

DEAL BRIEF

Mid-Day Multimedia Ltd ("Mid-Day") recently announced the demerger of its print business with Jagran Prakashan Limited ("Jagran") for a total consideration of around INR 2 billion. Mid-Day has, inter alia, MiD DAY, Sunday MiD DAY, Gujarati MiD DAY, the largest read Urdu newspaper in India -- The Inquilab and the website mid-day.com. Jagran is India's leading media and communications group, with the group's flagship brand, Dainik Jagran, being the most widely read newspaper in India with a total readership of approximately 54.2 million.

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsel to Mid-Day for this transaction.

Disclaimer

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.

Deal Corner

June 01, 2010

Mid-Day Multimedia Ltd recently announced the demerger of its print business

DEAL BRIEF

Mid-Day Multimedia Ltd ("Mid-Day") recently announced the demerger of its print business with Jagran Prakashan Limited ("Jagran") for a total consideration of around INR 2 billion. Mid-Day has, inter alia, MiD DAY, Sunday MiD DAY, Gujarati MiD DAY, the largest read Urdu newspaper in India -- The Inquilab and the website mid-day.com. Jagran is India's leading media and communications group, with the group's flagship brand, Dainik Jagran, being the most widely read newspaper in India with a total readership of approximately 54.2 million.

OUR ROLE

We, at Nishith Desai Associates, acted as legal and tax counsel to Mid-Day for this transaction.

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.