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Mergers & Acquisitions | 14 February 2012

Dainik Jagran To Buy Indore Based Hindi Daily - Nai Duniya

by Charmi Gutka
Dainik Jagran To Buy Indore Based Hindi Daily - Nai Duniya
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Jagran Prakashan Limited is planning to buy NaiDunia Media Private Limited, Indore-based hindi newspaper publisher.

The deal will benefit Nai Duniya as it is making losses since last six year.

Founded in 1974 by Babu Labhchand Chhajlani and Shri Basantilal Sethia, Nai Dunia is a hindi newspaper published in 14 cities including Delhi, Indore, Bhopal, Gwalior, Jabalpur, Raipur and Bilaspur.

Mahendra Mohan Gupta promoted Jagran Group, publishes Hindi news daily, Dainik Jagran, which has a total readership of more than 54 Mn. Jargan It also offers outdoor advertising, below the line solutions, internet, magazines and value added services.

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