Jagran Prakashan gains on getting nod to raise Rs 300 crore via NCDs

04 Jan 2019

Jagran Prakashan is currently trading at Rs. 114.65, up by 0.60 points or 0.53% from its previous closing of Rs. 114.05 on the BSE.

The scrip opened at Rs. 117.00 and has touched a high and low of Rs. 117.00 and Rs. 114.00 respectively. So far 314 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 192.20 on 10-Jan-2018 and a 52 week low of Rs. 102.05 on 09-Oct-2018.

Last one week high and low of the scrip stood at Rs. 117.05 and Rs. 113.05 respectively. The current market cap of the company is Rs. 3402.81 crore.

The promoters holding in the company stood at 61.31%, while Institutions and Non-Institutions held 22.56% and 16.13% respectively.

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.

Related Jagran Prakashan Ltd. Links:

Jagran Prakashan Share Price

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