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Financial Times takes stake in Business Standard

MUMBAI, JUNE 22. The Financial Times (FT) has signed an agreement to take a 13.85 per cent equity stake in Business Standard, a leading financial daily. The signing marks the first major investment in an Indian newspaper by a foreign media investor.

The FT's intention to purchase a stake was first announced in September 2003, however, Business Standard and Financial Times have been co-operating for over a decade through a variety of initiatives, including the publication of the FT's editorial content in Business Standard.

From June 22, all editions will carry a dedicated page of FT content from Monday to Saturday and the FT content will also appear on the Business Standard website.

— Our Staff Correspondent

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