Times Group: The year-long conflict between Samir Jain and Vineet Jain, brothers from the Sahu Jain family, has come to an end after they reached a partition deal. High-ranking sources claim that the separation was completed yesterday night. According to sources, Samir Jain would acquire control of the print company as well as any digital assets related to the print company.
Vineet Jain to Consolidate Ownership of Media Empire
Vineet Jain will be the owner of the broadcast, radio, and entertainment companies as well as any related digital assets. Given the magnitude of the print industry, which is anchored by flagship publication The Times of India, Vineet will also receive a financial payout. Online technology firm Times According to the reports, the internet and real estate would be split equally. Bennett, Coleman and Company Limited (BCCL), the largest publishing company in India and South Asia, Times Network, which runs a dozen TV channels in the news and English entertainment genres, Times Internet, an internet technology company that owns, operates, and invests in various internet-led products, services, and technology, as well as the real estate tech market, are all owned by The Times Group.
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Times Group’s Merger with Subsidiaries Confirmed
According to Business Standard, BCCL recently disclosed that it had merged with numerous of its subsidiaries. A senior Times Group official was contacted by MediaNews4U for confirmation. When and if a response is received, this story will be updated. Harsh Goenka, an industrialist, tweeted to confirm the separation. He Wrote, “I am delighted that the Times of India group issue is finally settled. Samir Jain lords over the print business and Vineet gets the digital, TV and entertainment business. All’s well that ends well!”
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