ABP sells Businessworld to undisclosed investors

20 Sep,2013

By A Correspondent


Anurag Batra

Anurag Batra and Vikram Jhunjhunwala have bought the Businessworld business from ABP on behalf of some undisclosed investors, according to a communique issued by a PR agency representing Mr Batra.


Mr D D Purkayastha, MD & CEO of ABP is quoted as saying: “We have divested Businessworld business. The brand and the publication will continue under the new owners with Prosenjit Datta as the Editor.”


Prosenjit Datta

Mr Prosenjit Datta, Editor Businessworld added: “I expect the magazine and the brand to scale newer heights.”


Businessworld began publication in 1981 and is the second-oldest business magazine in the country. It has won many reporting awards in the past year and went fortnightly in February 2013 after nearly a decade as a weekly magazine.


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