Hindustan Media Ventures Limited — JV/Acquisition, 19-05-2025: Acquisition

Hindustan Media Ventures Limited has announced a board meeting to approve an investment of up to Rs 7.71 Cr in VIR Mobility Private Limited, an early-stage EV startup offering affordable e-bikes priced between Rs 35,000 and Rs 55,000. The stake, to be decided upon conversion of equity or preference shares, aims to position Hindustan Media within the growing electric vehicle space by leveraging its media assets for capital growth. Given VIR’s startup status and minimal turnover, the deal is more strategic than immediately impactful financially.