Emap is following in the steps of Associated Newspapers by securing a 40.1% stake worth 3.7m in Mumbai-based magazine company Next Gen Publishing.
Next Gen Publishing is known for the following titles, Car, Bike India and The Ideal Home and Computer Active, which is licensed from UK technology publisher VNU. Next Gen will also be launching the Indian version of FHM in the autumn.
“As one of the fastest growing economies in the world experiencing a marked increase in wealth and consumerism, we see India as a prime market that will be highly receptive to our brands.
“Next Gen’s presence in the market will provide us with a strong base from which to explore opportunities to develop both our consumer and B2B brands,” Emap Consumer Media Chief Executive Paul Keenan said in a statement.
Jagran Prakashan publishes India’s widest-read daily newspaper Dainik Jagran, as well as youth titles I-Next and City Plus. Jagran has also joined forces with web portal Yahoo! in India for a co-branded news portal.