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PORTFOLIO

Writers and Publishers Limited

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Date of Investment: 2006

Writers and Publishers Limited ("WPL"), located in Ahmedabad in the state of Gujarat, India, is one of the largest newspaper groups in India, with a daily circulation of over 3.1 million copies and daily readership of 22.5 million across its publications Dainik Bhaskar and Divya Bhaskar. Dainik Bhaskar is the second most-widely read and circulated Hindi-language newspaper with a daily circulation of about 2.2 million copies in 23 editions across 6 Indian states. Divya Bhaskar is the largest Gujarati-language newspaper in India, with a daily circulation of 920,000 copies in 6 editions. Both Dainik Bhaskar and Divya Bhaskar are ranked number one in terms of circulation within each of their major markets.

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