Jagran Media Network Investment (JMNIPL), a holding company of Jagran Prakashan (JPL) has purchased addition 8.6 million shares of JPL for an average price of Rs 118.65 per share, valuing the transaction to Rs 102 crore. Post this acquisition, the shareholding of JMNIPL in JPL has increased to 60.23% from 57.60%.
Jagran Prakashan (JPL) is India's leading media and communications group with its interests spanning across Print, OOH, activations & Digital covers all of India as its footprint – and is amongst one of the largest media conglomerates in the country.
