Mumbai based Asianet acquires Kannada Prabha Publications - Indian Express (Madurai) Private Limited

Mumbai-based media group Asianet News Network Pvt Ltd (ANN) has acquired 51 per cent stake in Bangalore-based Kannada Prabha Publications Ltd for an undisclosed amount, reported exchange4media News Service quoting a company statement.

Established in 2005, Kannada Prabha Publications is engaged in publishing a daily newspaper under the brand name Kannada Prabha. It operates as a subsidiary of the Express Publications (Madurai) Ltd.