Is Jagan selling his Sakshi Media Group to raise funds for his campaign?
Sakshi Media Group, one of the leading newspaper in the Telugu States owned by YSRCP chief Jagan Mohan Reddy is now rumoured to be sold. If the buzz is to be believed, Jagran Prakashan Ltd (JPL), the publisher of the country's largest daily Dainik Jagran, is interested in acquiring Sakshi group for a whooping an amount of Rs. 1,500 crore. If the deal is closed, this is going to be the 'biggest deal' in the media field.
Reliable sources in the media industry informed that the deal is expected to be closed as soon as possible and the official announcement will be made anytime before the announcement of AP Assembly and Lok Sabha results on May 23. With a maximum of the polls revealing that Jagan would win the coming elections, seems like Jagan has made up his mind to dedicate his quality time for the duties as CM setting aside his other major businesses.
Jagan also sold his 51 per cent stake in Bharathi Cement to Vicat, one of the renowned French Cement Companies for about Rs 2,500 crore. This makes it obvious that Jagan is sure of his win this time in elections and is confident that he would take advantage of the other media groups in AP.