ICICI Prudential Life Insurance has purchased 3 lakh shares of Jagran Prakashan through an open market transaction. The life insurance company now holds close to 1.67 crore shares of the company. Post acquisition, the insurer’s stake in the company has increased to 5.06% from 4.97% earlier.
Jagran Prakashan, owner of Dainik Jagran, Mid-day and Naiduniya among others is a Kanpur-based media conglomerate. The company has media businesses spanning print, out of home, digital and activations. It owns 9 newspaper titles in 5 different languages across 15 states with over 100 editions.
