The Tata group has brought out its partner R. R. Donnelley’s 25.37% stake in Tata Donnelley (erstwhile Tata Press) at an undisclosed price.
Tata Donnelley is into the business of publishing. It’s product’s include Tata Press Yellow Pages, Tata Press Exporters Pages. The company has ventured into niche magazines such as Overdrive, Better Photography etc.
The diversification into industry based magazines led to apparent differences between the partners since the R. R. Donnelley group was not in favour of further expansion of branded publishing activities but focus on its clients’ communication needs.
Given the significance of the Internet, the company could have launched its products, both the Yellow Pages and the Exporters Pages through a website and spent its advertising budget creating a recall for its site itself. It has taken these steps and this would provide the company with another distribution channel apart from a wider reach.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA or Canada, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster Agora Research Private Limited. 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India. Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: firstname.lastname@example.org. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407