Debt-ridden Future Group on Friday said it would buy Amar Chitrakatha Pvt Ltd. (ACKPL) for Rs 13.62 crore. The company publishes Amar Chitrakatha Comics.
13.62 crore deal
In the information given to the stock exchange, the group said that on Thursday it has entered into agreements with Ramanaidu Daggubati and Spirit Media in this regard. Under this, the company will sell 18.58 percent of the total paid-up share capital. The deal is worth Rs 13.62 crore.
Future Consumer Ltd., a company of the Future Group. Selling its stake under this agreement. After the sale of this stake, SKPL will cease to be a subsidiary of the company.