Saturday, October 05, 2013

Penguin Random House Closes Deal for Penguin Books India

Shelf Awareness

Penguin Random House has completed its purchase of Ananda Publishers Private Limited's minority stake in Penguin Books India and has now acquired the remaining 45% of the company.

"The partnership between Ananda Publishers Private Limited and Penguin in India stretches back more than 25 years and has created a local publishing company that leads the market in both size and reputation," said John Makinson, chairman of Penguin Random House. "The two wholly-owned companies are now combined under the leadership of their CEO, Gaurav Shrinagesh, who will be able to build on the legacy of these two fine India publishing houses."

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