BODIS

Turakhia Brothers ready to buy back 100% stake in Media.net

The Turakhia Brothers are successful entrepreneurs.

The Turakhia Brothers are successful entrepreneurs.

Directi UAE is a business consortium owned by the Turakhia brothers, Divyank and Bhavin.

The company currently owns two thirds of Media.net, with the remainder managed by another investor on-board, London-based Ashmore Investment Management.

According to The Times of India, Media.net, which manages over $200 million dollars in annual revenue is the only venture started by the brothers, which has an investor on board.

And now, it’s buy-back time.

Says Divyank Turakhia:

“I am going to be one of those rare founders who is lucky enough to have the opportunity to buy back their stock. The buying of India assets is done. Now, we are buying the rest of the assets. It’s opportunistic for us. If I can, why not?

For the full article about the Turakhia brothers, click here.

Many thanks to domain investor Manmeet Singh for the tip.


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