Campaign India Team
Sep 23, 2013

ABP sells Businessworld

Fortnightly bought by media entrepreneur Anurag Batra and investment banker Vikram Jhunjhunwala ‘on behalf of some undisclosed investors’

ABP sells Businessworld

ABP Group has offloaded its fortnightly business magazine for an undisclosed amount.

An official statement informed that Exchange4media Group's Anurag Batra and investment banker Vikram Jhunjhunwala have bought the title ‘on behalf of some undisclosed investors’.

DD Purkayastha, MD and CEO, ABP, said, “We have divested Businessworld business. The brand and the publication will continue under the new owners with Prosenjit Datta as the editor.”

Businessworld began publication in 1981. The magazine went fortnightly in February 2013.

Source:
Campaign India