Sambhaav Media Limited Enters into an Agreement with Nascent Infotechnologies Private Limited for Business of News and Online Portal Services

Deepthi | Myequity news | Date : 25-01-2019 18:25:00 IST

Sambhaav Media Limited has today entered into an agreement with M/s. Nascent Info Technologies Private Limited to jointly undertake and carry out business of News and Online Portal services. The agreement has been entered into under the provisions of Limited Liability Partnership Act, 2008 to incorporate a limited Liability Partnership namely ‘Sambhaav Nascent LLP’ (the LLP). The LLP shall carry out the business of Online Portal Services with national and international news, business news and sports news. Sambhaav will hold 51% rights while Nascent will hold 49% rights of the LLP.

Commenting upon the occasion Mr. Kiran Vadodaria – Chairman and Managing Director said “The start up with Nascent added another feather in our techno media business model. Nascent has rich technological products to share with and I am confident the joint venture would bring out growth oriented solutions and offerings especially in news and online portals”.

About Sambhaav Media Limited

Incorporated in the year 1990, Sambhaav has been promoted by Vadodaria Family. Headquartered at Ahmedabad presently Sambhaav is into the business of FM radio channels, printing and publication of newspaper, magazine, marketing of News TV channel, Transit TV, vehicle tracking system, public information system, advertisements and communication. The Company has emerged as a 360 degree advertisement solution provider with basket of techno media products.

About Nascent Info Technologies Private Limited

Nascent, a CMMI Level 3 Company based at Ahmedabad working with emerging technologies to deliver customized IT/ITes solutions for evolving needs of its clients. Nascent offers a wide range of ITes solutions like digital and social media promotion, software application development, enterprise portal and M‐Governance solutions, GIS solutions, Municipal GIS solutions, Data Center Management, training and capacity building etc.

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