The Business Standard in India reported this week that Bennett, Coleman & Company, the parent company of the Times of India, is planning an IPO. One commentator suggested that the listing might value the company at as much as Rs120,000 crores (US$30 billion). The Business Standard article noted that Bennett, Coleman’s CEO, Ravi Dhaiwal, stated that the issue was being debated internally and that the timing and amount of capital to be raised was still undecided.  Bennett, Coleman & Co. owns a wide range of Indian media assets in broadcast, print and online including Zoom Entertainment TV, the Times of India Group as well as six daily newspapers. Bennett, Coleman & Company posted revenues of US$1.1 billion last year. Source: Business Standard article

BIIA Newsletter May – 2008 Issue