New Delhi: During its meeting yesterday, board members of the Jagran Prakashan Limited (JPL) approved the entry of the company into the radio industry via acquisition of the Music Broadcast Private Limited (MBPL).

The acquisition is subject to regulatory approvals, including the ones received from the Ministry of Information and Broadcasting, and execution of binding agreements. As part of its acquisition, JPL is acquiring MBPL’s holding company and its subsidiary that provides activations.