ICICI Pru Life Raises Stake in Jagran Prakashan

Private sector leading insurer ICICI Prudential Life Insurance Company has announced that it has purchased 3 lac more shares of Jagran Prakashan through an open market transaction. Post transaction, the insurer now holds about 1.67 crore shares of Jagran Prakashan. The insurer's stake in the company has increased to 5.06 percent from 4.97 percent earlier.

The acquisition was done recently through the National Stock Exchange (NSE). The stock of Jagran Prakashan was 0.5 percent up and was trading at Rs 83- per share on the BSE. 

But on the NSE the stock was trading at Rs 82-per share, a down by 0.9 percent.

Jagran Prakashan Ltd (JPL), owner of Dainik Jagran, Mid-day, Naiduniya etc. is a Kanpur-based country's leading media conglomerate. It owns 9 newspaper titles in 5 different languages across 15 states with over 100 editions.

Source:   http://www.insuringindia.com/