Jagran Prakashan has raised Rs 150 crore and allotted 1,500 Rated, Secured, Senior, Listed, Redeemable, Non-Convertible Debentures (NCD’s) with face value of Rs 10,00,000 each, at par on private placement basis. The meeting of the Debenture Committee of the company held on April 27, 2020, approved the same.
The company will use this capital for Refinancing existing debt and General corporate purpose, and/or for working capital.
Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services.
