Jagran Prakashan gets nod to raise Rs 300 crore via NCDs

03 Jan 2019

Jagran Prakashan has received an approval to raise funds through issue Secured Non-convertible Debentures (NCDs) up to Rs 300 crore. The meeting of the Board of Directors of the company held on January 03, 2019, approved the same.

The NCD's are proposed to be listed on Wholesale Debt Market segment of BSE or NSE as may be decided by the Debenture Committee.

Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services.

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