Sanjay Basu, a partner at Aquilaw, along with Anurag Choudhary, Chairman and Managing Director of Himadri Specialty Chemical, have acquired Ei Samay, the flagship Bengali daily of the Times of India group.
The acquisition amount remains undisclosed.
Basu expressed his enthusiasm about venturing into the media industry through Ei Samay, highlighting the vision to blend tradition with innovation and strive for excellence in the newspaper landscape.
Aquilaw played a pivotal role in advising Basu’s company, Tidings Media & Communications, throughout the acquisition process from Bennett Coleman and Company and Times Internet via a business transfer agreement. Leading the legal team was Partner Suhana Islam Murshedd, supported by Principal Associate Subhashree Pani, and associates Milind Anand and Namasvi Karia. The due diligence process involved associates Anwesha S Mukherjee, Milind Anand, and Namasvi Karia.
Asked about balancing his legal career with his new media role, Basu expressed confidence in managing both responsibilities effectively, citing a robust management and editorial team at Ei Samay.
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