MUMBAI: United New Media Ventures (UNMVL), a wholly owned subsidiary of the UTV Software Communications focussed on internet, new media and digital activities, has completed the acquisition of IMPL.
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Post completion of acquisition process, UTV‘s subsidiary company, will hold 80 per cent of IMPL. |
| IMPL has technology-based consumer and trade focussed business model positioned as an `Online Technology Infomediary` in India. "This business model focuses on the target age group of 15-35 and the Company finds this highly synergistic to its business. The acquisition by UNVML of IT Nation was through a combination of acquisition of equity shares from the existing promoters of IT Nation and subscription to fresh equity shares of IT Nation," said an official statement. |
