Jagran Prakashan to publish facsimile edition of The Independent in India

Jagran Prakashan Ltd on September 13, 2006 announced an in principle agreement under which the Company will publish the facsimile edition of the Independent, (International Edition) from New Delhi.

"Strategic partnership between JPL and INM enables us to offer a quality international newspaper to Indian readers. The Independent is known for providing unmatched editorial insights into global businesses, markets and economies and has maintained unrivaled journalistic standards worldwide," said Shri. Mahendra Mohan Gupta, CMD, of the Company.

The Company is in process of finalizing its plan to launch the second brand, with core management team already in place. It has recently launched its 31st edition in Amritsar, Punjab.

The Independent Group is planning to increase its stake by 1-3% in the Company. Presently, it has 20.8% stake in the Company. Jagran Group is also in talks to sell 20% stake in its radio arm to the Independent Group.

Source : Equity Bulls

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