Hindustan Media Ventures (HMVL) has announced an investment of up to Rs 16.22 Cr in AI Growth Private Limited, a fast-growing fintech company.

HMVL will subscribe to equity shares or convertible instruments, with the exact stake to be determined upon conversion.

This strategic move aims to generate future capital returns and leverage HMVL's media assets.

AI Growth operates platforms facilitating fixed income investments and debt financing.

This investment diversifies HMVL's portfolio into the dynamic fintech industry, signaling a growth-oriented pivot leveraging existing strengths.