Jagran Prakashan’s holding company Jagran Media Network Investment (JMNIPL), obtained investment of Rs. 225 crore from Blackstone GPV Capital Partners (Mauritius), one of the largest private equity investors. This investment took place in accordance with various government approvals. Jagran Prakashan's holds 59.46% equity shares of JMNIPL.
Recently, Jagran Prakashan’s promoters have completed the process of consolidation of their individual shareholding into JMNIPL, thereby turning JMNIPL a holding company of former. JMNIPL post receiving the approval of the Ministry of Information & Broadcasting, Govt. of India currently holds 188046479 equity shares, constituting 59.46% of issued and paid-up capital, which were earlier held by promoters and their family members. The company’s promoters completed the process for the same on July 15, 2011.
Jagran Prakashan is a leading media house of India which publishes Dainik Jagran, India’s largest read daily. It has also been voted as the most credible and trusted newspaper in India.
