Jagran Prakashan’s (JPL), five promoters had sold their respective holdings aggregating 5.65% stake and after the sale, the said promoters have no stake in the company.
The five promoters -- Vijaya Gupta, Rahul Gupta, Raj Gupta, Bharat Gupta and Tarun Gupta -- have sold 1.13% stake each or 3,565,845 shares through inter se transfer block deals on the exchange. The valuation of the stake sold by Vijaya Gupta, Rahul Gupta, Raj Gupta was not disclosed while Bharat Gupta and Tarun Gupta have each sold their respective shares for Rs 42.25 crore.
Recently, Jagran Prakashan (JPL) has seen its group company Jagran Media Network Investment (JMNIPL) increasing its stake in the company. JMNIPL had acquired 5.74% stake in JPL increasing its total holding to 11.48%. JMNIPL had acquired 18,146,355 shares of JPL. The transaction was carried out as an inter se transfer block deal and after the deal, JMNIPL holds 3,16,267,857 shares in JPL of Rs 2 each.
Company Name | CMP |
---|---|
D.B. Corp | 277.35 |
Navneet Education | 156.00 |
Jagran Prakashan | 95.35 |
HT Media | 27.03 |
Hindustan Media Vent | 104.60 |
View more.. |