Future Ventures India today said it had acquired additional 1,41,459 equity shares from promoters of Amar Chitra Katha (ACKL), representing 30% share capital of the company.
With the latest acquisition, ACKL has become a subsidiary of Future Ventures India (FVIL), which now holds 56%, FVIL said in a filing to the Bombay Stock Exchange (BSE).
The company, however, did not disclose the financials involved. Last month, FVIL had hiked its holding in Amar Chitra Katha to 26%.
ACKL publishes a range of titles, including comics series 'Amar Chitra Katha', monthly magazine 'Tinkle' and bi-monthly science magazine 'Brainwave', targeted at under 15 years age group.
In a separate filing FVIL has said another group company Simpleton Investrade has acquired 4.32% stake in FVIL from Future Corporate Resources.
The transfer of FVIL's stake to Simpleton Investrade has happened as a result of merger of Future Corporate Resources with Simpleton Investrade.
FVIL's scrips closed at Rs 9.65, up 2.66% compared to the previous close on the BSE.
