Hindustan Media Ventures Limited — JV/Acquisition, 25-03-2025: Acquisition

Hindustan Media Ventures Limited has been allotted 56,07,412 equity shares of Pur Energy Limited (PURE) following the conversion of warrants, amounting to ₹22.47 Crore. This acquisition provides approximately 2.72% of the equity share capital of PURE on a fully diluted basis. The investment aims to capitalize on the fast-growing electric vehicle market, enhancing future capital returns while leveraging existing media assets. Established in 2015 and incubated at IIT Hyderabad, PURE focuses on electric scooters, motorcycles, and high-performance lithium-ion batteries, reporting a turnover of ₹226 Crore, ₹140 Crore, and ₹131 Crore over the last three fiscal years.