Chinmay Bidkar
23 December 2016, India:
HT Media has sold its equity shares invested in Koovs Plc, which owns and operates fashion e-commerce website Koovs.com.
Delhi-based HT Media is an Indian mass media company. It has holdings in print, electronic and digital media. It also operates 19 printing facilities across India with an installed capacity of 1.5 million copies per hour.
Piyush Gupta, Chief Financial Officer at HT Media told Techcircle, that the company “exited 10% of our holding in the market last month and (is) not intending to exit anymore at all”.
Headquartered in London, Koovs offers its own private label, apart from more than 150 international brands of clothing, footwear and accessories through its website and mobile app.