INM sells partial stake in Indian publisher

Independent News & Media (INM) today announced that it has sold 22 million ordinary shares in Jagran Prakashan Limited (JPL), reducing its stake in the Indian publisher to 13.5% from 20.8%

INM sells partial stake in Indian publisher
Thu, 02 Jul, 2009 - 16:34

Independent News & Media (INM) today announced that it has sold 22 million ordinary shares in Jagran Prakashan Limited (JPL), reducing its stake in the Indian publisher to 13.5% from 20.8%

"This sale represents approximately 7.3% of the issued share capital of JPL," the company said in a statement.

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