Network 18 Media & Investments will look to sell a stake in its business directories - Yellow Pages and ASK Me - a move in line with the media firm's strategy to monetize its non-core assets profitably.
"The Board of Directors at its meeting held on February 21, 2013, have accorded its approval to evaluate opportunities and sell/divest its undertaking comprising of Business Directories viz 'Yellow Pages' and 'ASK Me'," Network 18 said in a filing to the BSE.
In December, Network18 sold its entire stake in financial data and news terminal business 'NewsWire18' to private equity firm Samara Capital for Rs 90 crore.
Earlier, Network18 had also sold its stake in one of the Capital18 investee companies -- NetworkPlay and then partially diluted its stake in digital commerce firm -- Bookmyshow.com.
Disclaimer: Moneycontrol is part of the Network 18 group.
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