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India Cements may sell stake in Jagati Publications

The India Cements Ltd said it might sell its stake in Jagati Publications, owned by Y Jagan Mohan Reddy. The company had already sold its stake in Bharati Cements, also owned by the Jagan Mohan-promoted company, and made a profit of about Rs 35 crore. N Srinivasan, vice-chairman, while addressing shareholders here on Monday, said, “We made a profit by selling our stake in Bharati Cements. In due course, we will also sell our stake in Jagati Publications.” The company sold its nine per cent in Bharati Cements in 2010. “It was not that we were interested in publication ...