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Financial Times keen on taking equity in BS: Ninan

Financial daily Business Standard's editor T N Ninan said on Tuesday leading London-based daily Financial Times is keen to acquire equity stake in the company.

Welcoming the government's decision to allow up to 26 per cent foreign direct investment in the news and current affairs sector, Ninan said: "We already syndicate articles written by Financial Times. After the government's decision today, FT may acquire equity in Business Standard Limited".

Asked if this would mean expansion of the company's operations, Ninan said all other details will have to be worked out in due course.

Besides the daily newspaper, Business Standard Ltd also publishes four magazines - Business Standard Motoring, Indian Management (for All India Management Association), Gateway (for Maruti customers) and Via Free Domain (for BPL's premium customers), Ninan added.

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