INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Jagran Prakashan Ltd (JPL), publisher of leading Hindi daily Dainik Jagran, Thursday said its board has approved raising up to Rs
300 crore through issuance of non convertible debentures (NCDs).
"The board of directors at their meeting
considered and approved issue of secured NCDs up to Rs 300 crore, and authorised a debenture committee to do all such necessary formalities
in this regard," Jagran Prakashan said in a BSE filing
The NCDs are proposed to be listed on Wholesale Debt Market segment of BSE or NSE
Shares of company were trading 1.17 per cent lower at Rs 114.35 a piece on BSE.
