Jagran Prakashan’s arm to raise up to Rs 400 crore via IPO

Jagran Prakashan Ltd. | Printing And Publishing | Media | BSE: 532705 | NSE: JAGRAN

25 Nov 2016 Evaluate

Jagran Prakashan’s subsidiary - Music Braodcast (MBL) is planning to raise up to Rs 400 crore through initial public offer (IPO). The board of MBL, which operates the popular Radio City FM stations, in a meeting held on November 24, 2016 approved the IPO of the company. MBL has send a letter of transmittal to its shareholders seeking their participation in the offer for sale portion of the IPO.

Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services.

Peers

Company Name	CMP
D.B. Corp	187.55
Jagran Prakashan	61.90
HT Media	23.94
Navneet Education	125.10
S Chand And Company	133.30
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