Times Group splits: Jain brothers finalise separation

Mumbai: Times Group is set to split as the dispute between brothers Samir Jain and Vineet Jain has reached a resolution. The separation has been finalised and entails a partition of assets and responsibilities.

As per reports, Samir Jain will assume control over the print business segment, including digital assets aligned with print operations. Meanwhile, Vineet Jain will take charge of the broadcast, radio, and entertainment divisions, along with their associated digital assets. Furthermore, Vineet will receive a substantial cash settlement, commensurate with the size and prominence of the print business, which boasts the flagship publication, The Times of India.

In addition to the aforementioned divisions, the equally valued assets of Times Internet and the real estate holdings will be equitably distributed between the two parties.