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This is an archive article published on July 21, 2010

Hindustan Media lists at premium

Hindustan Media Ventures Ltd,a unit of HT Media Ltd,on Wednesday listed at...

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Hindustan Media Ventures Ltd,a unit of HT Media Ltd,on Wednesday listed at 170 rupees on the BSE,a premium of 2.4 percent to the issue price of 166 rupees each.

Its shares listed at 177.95 rupees on the NSE.

At 9:02 a.m.,its shares were trading at 176 rupees on the BSE.

The company,which publishes Hindi newspaper ‘Hindustan’,had set a price band of 162-175 rupees a share for the 2.7 billion rupees issue,which was mostly subscribed at the lower end of the price band.

The issue was subscribed 5.34 times.

Edelweiss Capital and Kotak Mahindra Capital are book running lead managers for the issue.

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