1 Feb, 2016 – If listed Star India could easily be India’s largest media company: Edelweiss Securities
A local brokerage house has valued Star India, the Indian subsidiary of 21 Century Fox controlled by American media tycoon Rupert Murdoch, at $14.3 billion (Rs 97011.2 crore at Monday’s exchange rate of 67.84 to one US$) despite the company reporting losses in its spots business.
As per this valuation done by Edelweiss Securities Ltd, Star India, if gets listed on the stock exchanges could turn out to be India’s largest media company.
“As per our calculations (based on publicly available data), if Star gets listed on the bourses, its Enterprise Value (EV) could potentially be $14.3 billion and become India’s largest media company,” Edelweiss Securities Ltd said in a report.
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