Cyber Media (India) Ltd. and MM Activ Sci-Tech Communications Pvt. Ltd have announced that they have entered into an Agreement for acquisition by MM Activ, the publishing rights, title and interest in and to the brand and business of CyberMedia's media property "BioSpectrum".
BioSpectrum is India's first monthly comprehensive Biotech business magazine that covers the entire happenings in the areas of Bio Pharma, Bio Agriculture, Bio Informatics, Bio Industrial, Bio Suppliers and Bio Services. BioSpectrum has columns by India's top policy makers, biotechnology professionals, scientists and NGOs and showcases the emerging Indian entrepreneurship in biotechnology.
Stating on this business development, Mr. Jagdish Patankar, Managing Director of MM Activ commented "BioSpectrum is a well recognised and acclaimed brand in the biotechnology sector. With our current presence in events in life sciences, agriculture and food & nutrition, this acquisition will help us provide a wider offering to our customers."
Mr. Pradeep Gupta, Chairman and Managing Director of CyberMedia said that "The deal was part of the realignment at CyberMedia to focus on its core areas."
Shares of Cyber Media India Ltd was last trading in BSE at Rs.12.50. The stock hit an intraday high of Rs.12.50 and low of Rs.12.50.
The total traded quantity was 20 compared to 2 week average of 260.