Irish publisher to sell stake in Dainik Jagran: reportApril 19th, 2009 - 5:34 pm ICT by IANS
London, April 19 (IANS) Independent News & Media (INM) may consider a sale of its investment in India’s Dainik Jagran, one of India’s largest circulated dailies, the Sunday Times reported.
The Irish publisher is understood to have held discussions with the “founding family behind Dainik Jagran” about selling back its stake, the paper said.
The Dainik Jagran has a reported readership of 56.6 million.
The Sunday Times said the INM is selling assets in a bid to pay back debts of 1.3 billion pounds.
INM, which acquired a 21 percent stake in Jagran Prakashan, the Dainik Jagran’s parent company, for 22.5 million pounds in 2004, is set to announce full-year results Friday.
- Jagran group to acquire Mid-Day's print business - May 05, 2010
- Tilak Kumar elected INS president - Sep 13, 2012
- Urdu media modernises, but declining readership a worry - Jul 04, 2011
- Reliance Capital gets regulator's nod to sell stakes to Nippon Life - Jun 13, 2012
- Beckham free to join Tottenham - Jan 06, 2011
- Russian oligarch Lebedev to buy The Independent for a pound - Mar 01, 2010
- Compulsory disclosure of overseas assets irks taxpayers - Jun 07, 2012
- Reliance Cap concludes stake sale to Nippon Life for $290 mn - Aug 17, 2012
- Yahoo considers selling Asian assets: Report - Dec 22, 2011
- Mukesh Ambani, Sahara Group chief Roy reportedly bidding for Liverpool FC - Feb 09, 2010
- Reliance Capital to consider special dividend: Ambani - Sep 04, 2012
- Regulator's nod for Reliance Capital's 26 percent stake sale to Nippon - Sep 14, 2011
- Mitsubishi to invest $888 mn in Peru copper mine - Feb 18, 2012
- Advani jibe at PM on Emergency - Jan 05, 2012
- India's forex reserves drop by $1.80 billion - May 26, 2012