INM sells remaining stake in Indian news group

Independent News & Media have sold its remaining shares in Indian newspaper group Jagran Prakashan Limited on the Bombay and National Stock Exchanges in India for approximately €32m.

INM sells remaining stake in Indian news group

Independent News & Media have sold its remaining shares in Indian newspaper group Jagran Prakashan Limited on the Bombay and National Stock Exchanges in India for approximately €32m.

The sale of the 17.1 million ordinary shares represents the final tranche of INM’s remaining shareholding in JPL, or 5.7% of the issued share capital of JPL.

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