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Future Group May Acquire Over 40% In Amar Chitra Katha: Report

The Future Group may acquire 40% stake in ACK Media, according to a report in the Economic Times. ACK Media owns the mythological content business Amar Chitra Katha, magazine Tinkle, and audio visual content from Karadi Tales. ACK had previously sold a significant minority stake to Elephant Capital for GBP 4 million. From the report, it appears that Future Group Chairman Kishore Biyani is sold on the idea of using Amar Chitra Katha to create the Disneyland of India. ACK Media COO Ashish Goel had told MediaNama earlier in June that the company has plans to raise over Rs. 100 crore. They also acquired India Book House, in May 2010, giving them a distribution network of books / video stores (1000+), magazine vendors (10,000+), school book stores (50,000+) and stationary stores (65,000+). ACK Media has had rich content at their…

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Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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