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Jagran Prakashan board approves raising up to Rs 300 cr via NCDs

"The board of directors at their meeting.... considered and approved the issue of secured NCDs up to Rs 300 crore, and authorised a debenture committee to do all such necessary formalities in this regard," Jagran Prakashan said in a BSE filing.

January 03, 2019 / 03:42 PM IST
 
 
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Jagran Prakashan Ltd (JPL), the publisher of leading Hindi daily Dainik Jagran, Thursday said its board has approved raising up to Rs 300 crore through issuance of non convertible debentures (NCDs).

"The board of directors at their meeting.... considered and approved the issue of secured NCDs up to Rs 300 crore, and authorised a debenture committee to do all such necessary formalities in this regard," Jagran Prakashan said in a BSE filing.

The NCDs are proposed to be listed on Wholesale Debt Market segment of BSE or NSE.

Shares of the company were trading 1.17 percent lower at Rs 114.35 apiece on BSE.
PTI
first published: Jan 3, 2019 03:38 pm

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