ACK Media, which owns brands such as Amar Chitra Katha, Tinkle and Karadi Tales, has acquired a 100% stake in India Book House Pvt. Ltd (IBH), one of the largest and oldest distribution networks for books and other published material.
The new entity, IBH Books and Magazines Distributors Pvt. Ltd, will be one of the largest integrated publishing and distribution companies in India.
ACK Media, registered as Amar Chitra Katha Pvt. Ltd, is also looking to raise nearly Rs100 crore in the next 18 months to expand its portfolio of products and promote itself in India and abroad.
“The new entity would have (a) robust infrastructure of 10 offices in major metro cities across India, a distribution network that includes over 2,500 stores and over 22,000 vendors, thus allowing us to penetrate not just the top 12 cities, but the top 400 cities in India in a very meaningful manner,” said Ashish Goel, chief operating and financial officer of ACK Media.
Full report here Mint
Showing posts with label India Book House. Show all posts
Showing posts with label India Book House. Show all posts
Thursday, May 20, 2010
Wednesday, March 24, 2010
ACK Media looking to buy IBH
ACK Media, the owner of brands such as Amar Chitra Katha, Tinkle and Karadi Tales, is evaluating the prospect of buying out India Book House Pvt. Ltd (IBH), one of the oldest and largest distribution networks for books and other published material, in a deal that could create an integrated publishing and distribution company, one of the largest of its type in India.
“Yes, we are in the process of evaluating (it) so I would not like to make any detailed comment. However, we are going to be very aggressive about establishing an end-to-end content creation and distribution capability. The company is also going to focus on expanding its direct reach through online and subscriptions,” said Samir Patil, founder and chief executive of ACK Media, or Amar Chitra Katha Pvt. Ltd. Deepak Mirchandani, managing director and chief executive of IBH, declined to comment on the matter.
Much like consumer product companies or media conglomerates that tend to control their distribution channels, ACK Media is looking to consolidate at every level.
Full report here Mint
“Yes, we are in the process of evaluating (it) so I would not like to make any detailed comment. However, we are going to be very aggressive about establishing an end-to-end content creation and distribution capability. The company is also going to focus on expanding its direct reach through online and subscriptions,” said Samir Patil, founder and chief executive of ACK Media, or Amar Chitra Katha Pvt. Ltd. Deepak Mirchandani, managing director and chief executive of IBH, declined to comment on the matter.
Much like consumer product companies or media conglomerates that tend to control their distribution channels, ACK Media is looking to consolidate at every level.
Full report here Mint
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