Investment21 Aug 2025, 06:32 pm
Hindustan Media Ventures to Invest Rs. 7.60 Crore in XCM Technologies Inc., a Blockchain and NFT Company
AI Summary
Hindustan Media Ventures Ltd. has entered into an agreement on 21st August, 2025 to invest up to Rs. 7.60 Crore in XCM Technologies Inc., a Canadian company operating in the blockchain and NFT space. The investment will be made by subscribing to the equity shares/convertible equity linked instruments (compulsory convertible preference shares) of XCM Technologies Inc. The investment is aimed at leveraging media assets owned by the Company for a potential capital return in the future. The acquisition is expected to be completed by September 2025, subject to necessary approvals under the Foreign Exchange Management Act, 1999 and the guidelines set by the Reserve Bank of India.
Key Highlights
- Hindustan Media Ventures to invest up to Rs. 7.60 Crore in XCM Technologies Inc.
- Investment to be made by subscribing to equity shares/convertible equity linked instruments
- Investment aimed at leveraging media assets for potential capital return in future
- Subject to necessary approvals under the Foreign Exchange Management Act, 1999 and RBI guidelines
- XCM Technologies Inc. operates a marketplace for tokenized assets and provides Tokenization as a service