|Chennai||Rs. 27580.00 (0.18%)|
|Mumbai||Rs. 28700.00 (0%)|
|Delhi||Rs. 27700.00 (0.73%)|
|Kolkata||Rs. 28270.00 (0%)|
|Kerala||Rs. 27050.00 (0.74%)|
|Bangalore||Rs. 27350.00 (1.11%)|
|Hyderabad||Rs. 27660.00 (1.21%)|
: A Hong Kong media magnate highly critical of China, Jimmy Lai, is selling one of his Taiwanese companies to a group headed by Jeffrey Koo Jr., a local businessman whose family has substantial interests on the mainland, for about $580 million.
THE HOLDINGS: Being sold are a newspaper, Apple Daily; Next magazine, a weekly often critical of Taiwan's China-friendly government; and an Internet TV station.
THE BACKGROUND: The development comes on the heels of pro-China Taiwanese newspaper publisher Tsai Eng-meng's attempts to complete a $2.4 billion deal for a cable TV network system, underscoring growing Chinese influence on the island.