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DEBT | 4 December 2012

Blackstone Backed Jagran Prakashan To Raise Funds

by Paritosh Gajjar
Blackstone Backed Jagran Prakashan To Raise Funds
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Publisher of 'Dainik Jagran', Jagran Prakashan, is set to raise R150 Cr through issue of secured NCDs.

The BSE filing by the company said the fund would be utilized to add to the long term resources and retirement of its high interest bearing short-term debt.

The NCD issue is rated Crisil AA+/Stable and the firm’s short-term rating have a rating of Crisil A1+.

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