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Future Ventures Ups Stake In Amar Chitra Katha To 66%

In an update to the Amar Chitra Katha funding, Future Ventures India Ltd., the investment and business management firm, has upped its holdings to 65.84% from an earlier 56% in its subsidiary, edutainment company, ACK Media, after a buyback offer of 70,457 equity shares was accepted by its shareholders. Future Ventures informed the Bombay Stock Exchange about the move in a recent filing. This comes in exactly an year after Future Ventures first picked up stakes of 26% in ACK, worth Rs 37.5 crores, in April 2011, valuing the firm at Rs 140 crores and followed it with an acquisition of a further 30% stakes, increasing its holdings to 56% by July. Other investors in the privately owned ACK Media includes Elephant Capital that owns 26.1% stake worth Rs. 27-28 crores of investment in the company that houses titles like…

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