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| Exchange Received Time 04/09/2018 17:33:47 Exchange Disseminated Time 04/09/2018 17:33:54 Time Taken 00:00:07 | Pursuant to Regulation 30 read with schedule III (Part A) and any other applicable provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015 ('Listing Regulations'), we wish to inform you that the Company has made an additional investment in the Equity shares of MMI Online Limited (MMI) by way of acquiring 18,28,300 Equity shares, constituting 37.41% of MMI's equity through transfer of Equity Shares from Ms. 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 Limited and our shareholding in MMI post acquisition will increase to 44.92%.
Further, pursuant to the requirement of the Securities and Exchange Board of India circular CIR/CFD/CMD/4/2015 dated September 9, 2015 disclosure is attached as Annexure.
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