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Jagran Prakashan to dispose shares of NML

09 Nov 2017 Evaluate

Jagran Prakashan’s Board has decided to dispose of shares in Non-Operating Wholly Owned Subsidiary Company (Immaterial Subsidiary) having no business, revenue and assets Naidunia Media (NML), to the erstwhile promoters of the NML from whom the shares was acquired in the year 2012. Subsequent to the disposal of shares of NML, NML shall ceased to be the Subsidiary of the Company. The Board of Directors of the Company on November 09, 2017 has decided 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 187.55
Jagran Prakashan 61.90
HT Media 23.94
Navneet Education 125.10
S Chand And Company 133.30
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