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Future Group to sell 18.6 percent stake in Amar Chitrakatha for Rs 13.62 crore

New Delhi, May 6 (PTI) Debt-ridden Future Group on Friday said it would buy Amar Chitrakatha Pvt Ltd. (ACKPL) for Rs 13.62 crore. The company publishes Amar Chitrakatha Comics.

In the information given to the stock exchange, the group said that on Thursday it has entered into agreements with Ramnaidu Daggubati and Spirit Media in this regard. Under this, the company will sell 18.58 percent of the total paid-up share capital. The deal is worth Rs 13.62 crore.

Future Consumer Ltd., a company of the Future Group. Selling its stake under this agreement.

SKPL will cease to be a subsidiary of the Company after the sale of this stake.

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