ICICI ventures sells stake in InfoMedia for Rs 235 crore
ICICI Ventures is likely to sell its entire 63.3% stake in InfoMedia to Reed Elsevier. At today’s market value, the stake is worth Rs. 235 crores. Infomedia India has a 51-49 joint venture with Reed Business Info, a division of Reed Elsevier.
Infomedia has twelve B2B titles and eight B2C special interest magazines in its repertoire. Infomedia’s flagship product Yellow Pages is the market leader in the business directories segment. The company also plans to introduce Yellow Pages on other platforms like the Web and mobile phones.
via DNA
