Amar Ujala , DE Shaw trying to settle out-of- court

New Delhi: Amar Ujala and DE Shaw are planning to have an out of court settlement. New York-based private equity (PE) firm DE Shaw Group ( having 18% stake in Amar Ujala Publications Ltd) are close to arriving at an out-of-court settlement , reported Mint.

The dispute between DE Shaw and Amar Ujala , according to a Mint report, had escalated when the minority investor wanted to use its “drag along right”, under which it could sell its stake to any potential buyers, including rivals, and force the original promoters to sell out at the same price.

If an agreement is reached, it could fetch DE Shaw Rs. 170-200 cr for its 18% stake in the newspaper publisher.

Source: Mint

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