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Sunday, January 23, 2022

Future Group will now publish Ram-Krishna comics, majority stake in Amar Chitra Katha

Amar Chitra Katha, which has made people crazy through folk tales, history, mythology and biographies of great personalities etc., has now become of Future Group.

Amar Chitra Katha, which has made people crazy through folk tales, history, mythology and biographies of great personalities etc., has now become of Future Group. After converting debentures into equity, Future Group’s stake in Amar Chitra Katha has now increased to 68.72 per cent. According to the information given in the regulatory filing, Future Consumer has got a majority stake in Amar Chitra Katha and now Amar Chitra Katha has become a subsidiary of Future Group.

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3.20 lakh shares alloted at premium price

The conversion of Compulsorily Convertible Debentures (CCDs) into equity has taken place after a period of three years, under which a provision has been made for full conversion of these debentures into equity shares. As per the regulatory filing, 3,20,159 equity shares of Amar Chitra Katha with a face value of Re 1 per equity share have been allotted to Future Group at a premium of Rs 376 per equity share on January 17, 2022. Apart from this, 4977 CCDs allotted to the company three years ago were converted into equity.

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Entertaining people since 1967

Amar Chitra Katha published by Indian Book House has been entertaining people for the last three decades. It was started by Anant Pai in 1967. According to the information given on the website of Amar Chitra Katha, it has about 400 comics in more than 20 languages, of which more than 100 million copies have been sold so far. It sells 1.5 million copies every year and thus remains a staple in the children’s publishing segment.

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