Arab Today, arab today dubai firm buys unit of india’s biggest media business
Last Updated : GMT 04:00:59
Arab Today, arab today
Arab Today, arab today

Dubai firm buys unit of India’s biggest media business

Arab Today, arab today

Arab Today, arab today Dubai firm buys unit of India’s biggest media business

Dubai - Arabstoday

Dubai based Network International, the credit-card processing company which private equity firm Abraaj Capital has a stake in, has bought a subsidiary of India’s largest media house, it was reported on Wednesday. Network International (NI) has bought TimesofMoney, which is a digital payment service provider and a subsidiary of Bennett, Coleman and Co, India’s largest media house, popularly known as the Times Group Company. Sources told Mumbai-based Business Standard the sale was part of the media company’s restructuring ahead of its planned initial public offering, which is due to be formally announced in the next fortnight. Dubai-based private equity firm Abraaj Capital bought a 49 percent stake in NI in December 2010 for AED2bn (US$539m) from UAE lender Emirates NBD. By / Arabian Business

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai firm buys unit of india’s biggest media business Arab Today, arab today dubai firm buys unit of india’s biggest media business

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai firm buys unit of india’s biggest media business Arab Today, arab today dubai firm buys unit of india’s biggest media business

 



Arab Today, arab today Designer prepared new set of ornaments

GMT 02:45 2017 Wednesday ,28 June

Designer prepared new set of ornaments
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday