Jagran Prakashan strategic partner files for exemption to acquire shares from open market

Jagran Prakashan Ltd has announced that Independent News & Media Investments Ltd, a wholly owned subsidiary of Independent News & Media PLC and strategic partner of the Company holding 20.8% equity share capital, has filed an application with SEBI seeking exemption from the applicability of Regulations 10, 11, 12 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 for further acquisition of 1% to 3% equity shares of the Company from the open market.

Source : Equity Bulls

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