Media firm Jagran Prakashan Ltd (JPL) today said its group company Jagran Media Network Investment Pvt Ltd (JMNIPL) has acquired 5.74% stake in it, increasing total holding to 11.48%.
In a filing to the Bombay Stock Exchange (BSE), JPL said Jagran Media Network Investments has acquired 18,146,355 shares of JPL taking the total stake to 11.48%.
The transaction was carried out as an inter se transfer block deal on the National Stock Exchange, it said without disclosing the financials involved.
After the deal, JMNIPL holds 3,16,267,857 shares in JPL of Rs 2 each.
JPL's scrip closed at Rs 120.80, down 0.17% from the previous close on the BSE.
