UK firm takes 100% stake in Penguin India

Penguin Random House on Thursday announced the completion of its purchase of Ananda Publishers Private Limited’s minority stake in Penguin Books India. Penguin India was formed in 1985, with UK-based publishing house Penguin Publishing Company, holding a 40 per cent stake. Penguin Random House has now acquired the remaining stake and takes 100 per cent ownership of Penguin India. Penguin Random House India chairman John Makinson said, “The partnership between Ananda Publishers Private Limited and Penguin in India stretches back more than 25 years and has created a local publishing company that leads the market in both size and reputation.”