March 05, 2010, New Delhi.

"Hindustan Media Ventures Limited, one of subsidiaries,  is proposing, subject to market conditions and other considerations, a public issue of its equity shares and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India ("SEBI"). The Draft Red Herring Prospectus is available on the website of SEBI at www.sebi.gov.in and the websites of the Book Running Lead Managers at www.edelcap.com and www.kmcc.co.in. Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to the section titled "Risk Factors" of the Draft Red Herring Prospectus for details of the same." ...