Due to the non-payment of overdue amount of Rs 8.05 crore, a lender bank has taken possession of assets of Jagran Prakashan Private Ltd, publisher of Indore edition of leading Hindi newspaper, Dainik Jagran.
During the last month alone, the company’s stock lost nearly 20 per cent.
The assets of the company were taken by the bank on January 14 under Section 13 of Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002.