Skip to main content

MoneyWorks4Me

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

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 149.45
Jagran Prakashan 61.98
HT Media 23.49
Navneet Education 129.00
S Chand And Company 128.80
View more..