Penguin Random House has completed its purchase of Ananda Publishers Private Limited's minority stake in Penguin Books India and has now acquired the remaining 45% of the company.
"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," said John Makinson, chairman of Penguin Random House. "The two wholly-owned companies are now combined under the leadership of their CEO, Gaurav Shrinagesh, who will be able to build on the legacy of these two fine India publishing houses."
