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.
