Hindustan Media Ventures Limited — JV/Acquisition, 04-08-2025: Acquisition

Hindustan Media Ventures (HMVL) announced a strategic investment of up to Rs 20.01 Cr in BankBazaar (A&A Dukaan Financial Services Private Limited). BankBazaar is a fast-growing fintech company operating a Credit Tracker platform offering various financial products like credit cards and loans.

This move aims to generate future capital returns for HMVL and leverage its extensive media assets, signaling a strategic entry into the lucrative digital financial services sector. BankBazaar's robust revenue growth (FY24: 186.8 Cr) underscores its market potential. The investment is via equity/convertible instruments, with the precise stake to be determined upon conversion.