THG Media Anticipated to Sell Shares Valued at 30 Crores Amidst Buzz of Web Portal Sector

This development comes at a time when web portals have been generating significant buzz within the media sector, propelled further by Gautam Adani's acquisition of a 49% stake in Quintillion Business Media for Rs. 48 crores.

THG Media, known for its multilingual news websites encompassing English, Kannada, Urdu, and Bangla, has attracted substantial attention in recent weeks due to its proposed sale. Industry insiders familiar with the matter have disclosed the estimated value of the shares, marking a potential turning point for the media group's future.

While the details regarding the potential buyer remain undisclosed, THG Media is committed to securing a buyer that aligns with its strategic vision, values, and objectives. The selection process for identifying the appropriate purchaser will be scrutinized thoroughly, ensuring the continuation and sustenance of THG Media's diverse news platforms.

This significant development occurs amidst a growing investor interest in the media sector, underscored by Gautam Adani's recent investment in Quintillion Business Media. THG Media's decision to sell shares at this stage underscores its dedication to exploring new opportunities for growth and expansion within the ever-evolving media landscape. As discussions progress, THG Media remains steadfast in upholding the highest standards of journalism and delivering news content of utmost value to its loyal audience. The sale of shares presents potential buyers with the opportunity to leverage THG Media's established presence and strong readership in the industry, said Dr. Thouseef Madikeri, Director of THG Media

The financial impact of this sale, coupled with the evolving web portal sector and Adani's influential acquisition, will undeniably attract significant attention within the media landscape. Stakeholders, investors, and industry analysts eagerly await further developments and the conclusion of this sought-after deal.