Penguin Random House has officially announced the completion of its purchase of Ananda Publishers Private Limited’s minority stake in Penguin Books India. Penguin originally held a 40% stake in the company when it was formed in 1985, a percentage it increased to 55%. The new deal gives PRH 100% ownership of Penguin India. The two wholly-owned companies are now combined under the leadership of their CEO, Gaurav Shrinagesh.