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
Wed, 04 Aug, 2010 - 13:11

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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CourtsBusinessHeathrowPlace: IndiaPerson: GuptaPerson: Gavin O’ReillyPerson: O’ReillyPerson: Tony O’ReillyPerson: Liam HealyPerson: ChairmanPerson: Mahendra Mohan GuptaOrganisation: INMOrganisation: Independent News & MediaOrganisation: Jagran Prakashan LimitedOrganisation: BombayOrganisation: National Stock ExchangesOrganisation: JPL
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