Jagran prakashan

@hemantbhatia
Completely in agreement. More so when IPO of Music Broadcast happen, the company issued new shares and offer from Sale was only from Promoter family members and not from Jagaran Prakashan. While, I can understand it might be stategic investment for Jagaran Prakashan and hence they did not wanted to reduce their holding, but in that case, Jagaran Parakashan Minority shareholders have not gained any thiing from premium issue of Music Broadcast. So if equity price decline from IPO price, Jagaran Prakashan Minority shareholder also took hit due to MTM loss, but no profit realised by selling shares to New equity shareholder of Music Boardcast by Jagaran. In that case, I would assume it would be fair for the promoter who sold their share in Offer for sale shall have taken hit and not Jagaran Prakashan. Jagaran Prakashan shareholders also include minority shareholders and not only promoters.

So completely in agreement with your view point.
Discl: No change from previous post