Schroders presses Chrysalis for sale.

Byline: Jessica Hodgson

Feb. 13--Chrysalis Group is facing mounting pressure from its largest shareholder, Schroders, to sell off its music publishing division and books divisions, as dismay about the group's stock market under-performance mounts.

Schroders, which has increased its stake to 24 percent, is clashing with chairman Chris Wright, who owns 26 percent, over the strategy for the group, according to sources close to the discussions.

The fund manager believes the company's value would benefit if Chryalis either de-merged its radio and music