Jagran Prakashan has allotted 1,500 Secured Redeemable Non-Convertible Privately Placed Debentures (NCDs) of face value of Rs. 10, 00,000 each, aggregating to Rs 150 crore to the subscribers.
The Company has repaid its short term high interest debt taken from Deutsche Bank AG, New Delhi and has also reduced its working capital availability, as a result of which there is no change in Company's gross and net debt.
Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services. The company publishes Dainik Jagran, a Hindi daily newspaper.
