On 2 April, Jagran Prakashan (JPL), the publishers of Dainik Jagran announced the acquisition of Nai Dunia.
The deal was concluded at an effective price of 150crs (thanks to a tax shield due to accumulated losses of 250crs in the books of Nai Dunia) for a brand that had revenues of 100crs and EBITDA of -25crs (FY11).
ICICI Securities in its report on 3 Apr 12 calls …