Top Story

e4m_logo.png

Home >> Media – Print >> Article

Independent News & Media sells partial stake in Jagran Prakashan

10-March-2010
Font Size   16
Share
Independent News & Media sells partial stake in Jagran Prakashan

Independent News and Media Plc has informed the BSE that it has sold 23.5 million ordinary shares of Jagran Prakashan Ltd. The sale represents approximately 7.8 per cent of the issued share capital of Jargan Prakashan and reduces Independent News and Media’s holding in the former to 5.7 per cent from the earlier 13.5 per cent.

Having originally invested €28.5 million to acquire its stake in 2005, following this share sale, Independent News and Media’s remaining holding in Jagran Prakashan is worth €33 million at current market price. In addition, Independent News and Media has received disposal proceeds of approximately €64 million from a combination of this disposal and its disposal in July 2009.

The company continues to hold its remaining shares in Jagran Prakashan.

Tags

Karthik Raman, Chief Marketing Officer, IDBI Federal Life Insurance, on the brand’s unconventional approach to marketing and priorities for the next year

Vinik Karnik, Business Head - ESP Properties, talked about what went into conceptualising the first edition of the entertainment marketing report, Showbiz

Rahul Jhamb, Brand Head, Forever 21, on how the fast fashion brand always stays on the pulse of latest marketing trends

Heavy spends on OOH and print sum up this year’s ad spends of YLG Salon

Conceptualised and executed by WATConsult, the campaign focuses on how Lotus Make-up is an enabler for women from various walks of life

iProspect released the third annual 2018 Future Focus Whitepaper geared to examine how machines and technology will impact marketing and advertising in the year ahead

Mavcomm Consulting one of India’s leading Public Relations, Reputation Management& Brand Communications company today announced elevation of Pranjal Dutta to the role of CEO