The Indian subsidiary of Penguin Random House is said to have acquired prominent Hindi language publishers, Hind Pocket Books, for an undisclosed sum, as reported byVC Circle. As per the press release by PRH India, Vaishali Mathur, who was earlier handling the Indian language publishing and rights at Penguin will be the be editor-in-chief of Hind Pocket Books, while Nandan Jha, senior vice president of Penguin Random House India, will take on the added portfolio of building the Indian language publishing programme.

S&R Associates represented Penguin Random House India in the deal and was led by partner Rachael Israel along with associates Radhika Agrawal, Ruth Chenchiah and Tarinee Sudan.

Alpha Partners acted for Penguin Random House India on due diligence aspects alongside S&R, led by associate partner Kunal Arora and associates Richa Hingle and Shreya Solenkey.

Established in 1958, Hind Pocket Books are considered as pioneers in publishing Hindi and Urdu paperbacks in India, and have an impressive list of critically acclaimed and commercially successful titles. It was also reported that with the latest acquisition Penguin is expected to expand its presence in local language publishing, to which it has been committed for over a decade.

2018-06-29

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