| DCHL, which publishes the Deccan Chronicle newspaper,
has bought out Zee Telefilms' 15 per cent stake Asian Age Holdings.
The other shareholders from which DCHL has acquired equity are MJ
Akbar (26 per cent), United Breweries (23 per cent) and T Venkattram
Reddy (3 per cent). Earlier DCHL had held 23 per cent in The Asian
Age, a daily newspaper published simultaneously from New Delhi, Mumbai,
Kolkata, Bangalore and London.
The revenue and the brand ownership will be transferred to DCHL, with the Asian
Age Brand expected to contribute Rs 750 million to Rs 1000 million
to the top line by Fiscal 2007, the company informed BSE.
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