Paradis Papers: The Hindustan Times Ltd is the holding company of HT Media Ltd (listed entity in India) and holds 69.5 per cent stake in the listed entity. Paradis Papers: The Hindustan Times Ltd is the holding company of HT Media Ltd (listed entity in India) and holds 69.5 per cent stake in the listed entity. The Hindustan Times Group owned by the Bhartias set up a company in Bermuda, Go4i.com (Bermuda) Ltd, through HTBC Ltd, which is one of the three shareholders of the offshore entity, Appleby records show. The other officials at Go4i.com (Bermuda) Ltd include Manisha Gupta, Piyush Gupta, Anil Ahuja, Rajan Kohli, Hiren Patel and Ravi Seth among others. Its annual report shows that in the financial year ended October 31, 2003, Go4i.com (Bermuda) registered a loss of USD 701,634 (Rs 3.15 crore), and of USD 861,265 (Rs 4.1 crore) in the previous year.

Source: Indian Express November 06, 2017 20:01 UTC