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Jagran Prakashan to redeem NCDs worth Rs 29 crore held by holding company

15 Dec 2016 Evaluate

Jagran Prakashan has received an approval to redeem 2,900 unlisted unsecured Non-Convertible Debentures (NCDs) of Rs 1 lakh each aggregating to Rs 29 crore, held by Jagran Media Network Investment, holding company of Jagran Prakashan, along with redemption premium at coupon rate of 6.5% per annum. The board of directors at its meeting held on December 14, 2016 has approved for the same.

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 170.95
Jagran Prakashan 61.96
HT Media 22.80
Navneet Education 124.30
S Chand And Company 143.90
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