Jagran Prakashan Ltd (JPL), the publisher of Dainik Jagran, India’s most-read newspaper, on Tuesday said its promoters have purchased the entire stake held by private equity investor Blackstone Group in the company. Blackstone had held a 12.82% stake in JPL’s holding company Jagran Media Network Investment Pvt. More From Livemint »Blackstone had invested Rs225 crore in the holding company in 2010. Jagran Media Network Investment holds a 60.63% stake in JPL. In April, the American investment firm sold its decade-old investment in textile firm Gokaldas Exports to Mathew Cyriac, the former co-head of Blackstone’s private equity business in India.

Source: Mint June 27, 2017 19:07 UTC