Future Ventures has upped its stake in ACK Media, the company that owns the mythological content business Amar Chitra Katha, along with other children focussed ventures, from 26% to 56%, making it a subsidiary company, reports VC Circle. In a filing with the Bombay Stock Exchange, Future Ventures informed that it has acquired 1,41,459 additional equity shares from the existing promoters of Amar Chitra Katha Private Limited, representing 30% of its share capital. Previously, ACK Media had raised Rs 37 crore from Future Ventures, in a funding round in April, with participation from Elephant Capital, an existing investor, which had also made a follow on investment of Rs 6.5 crore. Elephant Capital's stake in the company stands at 26.1%. Last week, ACK Media and Future Group had announced 'Amar Chitra Katha Scholarships’, in memory of late Anant Pai, the founding…
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