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Clarification

23-December-2004
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Clarification

We had published a story yesterday on the FDI deal between Dainik Jagran and Independent News & Media, the newspaper-publishing house led by Anthony Tony O'Reilly.

Though the talks are on between the two groups, the percentage of equity being picked by the Independent News and Media is yet to be decided. The valuation process for the same is yet not completed.

We had wrongly attributed comments to Mr. Shailesh Gupta, Director Dainik Jagran in the story while he had declined to comment. We regret any inconvenience caused to Daink Jagran, its management and to you our readers.

We will share more details on this development as the story unfolds.

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