Financial Express 28 August 2012
New Delhi: Competition Commission of India (CCI) today said it has approved Aditya Birla group’s purchase of 27.5 per cent stake in Living Media India Ltd, the holding firm of media giant India Today Group.
The stake is being purchased through IGH Holdings Private Ltd, an investment company of industrialist Kumar Mangalam Birla-led business conglomerate. The two groups had announced this transaction earlier in May this year.