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Dainik Bhaskar IPO Filing: Digital Kiosks; IndiaInfo.com; I Media Corp

Publishing house DB Corp, which runs the regional daily Dainik Bhaskar, plans to sell up to 24.78 million equity shares on going public, according to its new Draft Red Herring Prospectus (DRHP) filed with the Securities and Exchange Board of India (SEBI). The issue is expected to constitute up to 13.65% of the group's paid-up capital post-issue. (via ContentSutra) I Media Corp FY09 Losses At Rs. 53.05 Million DB Corp's Internet and digital marketing division I Media Corp Limited (IMCL) runs portals Bhaskar.com, Divyabhaskar.co.in and Indiainfo.com and the SMS shortcode 54567. It also offers e-governance and online education services. There seems to be another website 3DSyndication.com, but not much is known about it. IMCL was set up in 2006 has incurred losses every year till date. In March 2009, net losses for IMCL were up at Rs. 53.05 million and it has a negative net worth of Rs. 112.73 million. Despite sales soaring up…

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