INM offloads India media company shares worth €42m

Independent News & Media has sold 23.5 million ordinary shares in Jagran Prakashan Limited ("JPL") on the Bombay and National Stock Exchanges in India.

INM offloads India media company shares worth €42m

Independent News & Media has sold 23.5 million ordinary shares in Jagran Prakashan Limited ("JPL") on the Bombay and National Stock Exchanges in India.

This sale represents approximately 7.8% of the issued share capital of JPL and reduces INM's holding in JPL to 5.7% (previously 13.5%).

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