Jagran Prakashan has made an additional investment in the Equity shares of MMI Online (MMI) by way of acquiring 18,28,300 Equity shares, constituting 37.41% of MMI's equity through transfer of Equity Shares from Sukirti Gupta.
MMI is a company engaged in business of managing, supervising, promoting and marketing web business/properties/assets.
Subsequent to the acquisition of said equity shares, MMI becomes an Associate Company of the Jagran Prakashan and the company's shareholding in MMI post acquisition will increase to 44.92%.
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