Jagran Prakashan has subscribed on rights basis ("Rights Issue") 25,00,000 equity shares in its immaterial wholly-owned subsidiary, Mid-day Infomedia, of Rs 10 each at a premium of Rs 10 per share, for cash. Post the allotment of shares as above, Mid-day Infomedia shall continue to be a wholly owned subsidiary of the Company. Powered by Capital Market - Live News (This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.) Dear Reader, Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.