Amazon to buy publishing business of Tata-owned Westland

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MUMBAI: US-based e-commerce giant Amazon today said it is acquiring the publishing business of Tata-owned Westland for an undisclosed sum.

The acquisition will enable authors of Westland, a subsidiary of Tata Group firm Trent, to grow their physical and digital book businesses in India as well as expand their reach to customers globally, Amazon said in a statement here.

Earlier this year, the online marketplace had acquired a 26 per cent stake in the Tata-owned publishing company,

“Our acquisition of Westland continues our commitment to India — enabling Amazon to bring Westland’s highly talented authors and their books to even more customers in India and around the world,” said Amit Agarwal, Vice-President and Country Manager at Amazon India.

Tata Group stocks performance after Mistry joined

Company Name Price
(Rs)
Change
(from 28-12-12)
% Change
(from 28-12-12)
Tata Metaliks Ltd. 389.50 327.70 530.26
Tata Elxsi Ltd. 1294.85 1065.30 464.08
Voltas Ltd. 386.70 281.60 267.94
Tata Communications Ltd. 635.30 398.45 168.23
Tata Sponge Iron Ltd. 594.35 283.90 91.45
Tata Consultancy Services Ltd. 2398.70 1131.20 89.25
Indian Hotels Company Ltd. 115.45 52.35 82.96
Nelco Ltd. 89.40 38.05 74.10
Tata Motors Ltd. 537.00 226.95 73.20
Tinplate Company of India Ltd. 84.10 31.95 61.27
Tata Chemicals Ltd. 544.65 194.95 55.75
Trent Ltd. 199.40 71.07 55.38
Rallis India Ltd. 219.70 69.45 46.22
Titan Company Ltd. 373.55 92.40 32.87
Tata Investment Corporation Ltd. 587.80 124.15 26.78
TRF Ltd. 278.45 53.80 23.95
Tata Steel Ltd. 405.45 -23.10 -5.39
Tata Coffee Ltd. 128.15 -12.07 -8.60
Tata Global Beverages Ltd. 139.95 -20.50 -12.78
Tata Power Company Ltd. 78.30 -30.95 -28.33
Tata Teleservices (Maharashtra) Ltd. 7.15 -3.57 -33.31

“Since investing in Westland earlier this year, we have built a great relationship with the company and its authors. With this acquisition, we are very excited to take our relationship with Westland to the next level,” he added.

Westland has a history of over 50 years in retail, distribution and publishing. It is an amalgamation of two companies, Westland Books and EastWest Books (Madras).

“Amazon’s roots are in books and we are excited to be part of that team in the next phase of our journey,” Westland CEO Gautam Padmanabhan said.

The publishing list of Westland, its imprints Tranquebar and EastWest, and imprint extension Mikros, include bestselling authors Amish Tripathi, Ashwin Sanghi, Rashmi Bansal, Rujuta Diwekar, Preeti Shenoy, Devdutt Pattanaik, Anuja Chauhan and Ravi Subramanian, among others.