Jagran Prakashan (JPL) completes acquisition of 'Radio City'. The company in their board meeting on Dec. 16, 2014 had approved the entry of the company into the radio industry via acquisition of Music Broadcast Private (MBPL).
This acquistion further consolidates our position as India's leading Media and Communications conglomerate and strengthens our portfolio of leading media brands,'' said Mahendra Mohan Gupta, CMD, Jagran Prakashan.
Shares of the company declined Rs 3.55, or 3.03%, to settle at Rs 113.50. The total volume of shares traded was 11,706 at the BSE (Thursday).