Jagran Prakashan completes promoters’ stake consolidation

JMNIPL becomes a holding company of JPL with 1,88,046,479 equity shares,constituting 59.46 per cent of the issued and paid-up capital,which was earlier held by the promoters and their family members,the filing said

It further said JMNIPL is a 100 per cent owned by JPL’s promoters and their family.

Twenty-one JPL promoters began consolidating their respective stakes in JPL into one holding company on July 4,2011.

JPL’s scrip was trading at Rs 112 on the BSE today,down 2.14 per cent compared to the previous close.