Music Broadcast Limited IPO to open on Mar 6, 2017

In relation to the proposed initial public offering of equity shares of Jagran Prakashan Ltd''s subsidiary, Music Broadcast Limited(MBL), the company has been informed that the red herring prospectus filed by MBL with Registrar of Companies, Mumbai has been approved on February 23, 2017.

The Offer will be open for subscription to public on Monday, March 06, 2017 and shall close on Wednesday, March 08, 2017.

Shares of JAGRAN PRAKASHAN LTD. was last trading in BSE at Rs.184.15 as compared to the previous close of Rs. 187.5. The total number of shares traded during the day was 2514 in over 103 trades.

The stock hit an intraday high of Rs. 188.05 and intraday low of 184.15. The net turnover during the day was Rs. 468125.

Source : Equity Bulls

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