The decision was taken on Tuesday after Rajeev Jhawar, the managing director, apprised the group chairman of “strong sentiments of the employees against acquisition of the paper by Dainik Jagran”.
Yesterday Jhawar had met key people from Prabhat Khabar.
“After meeting them and going by their sentiments, the family has decided not to sell the paper,” he told The Telegraph.
“Earlier we had decided to divest a portion of our stakes but now we have taken a final decision against selling and will continue to run the business,” he added.
K.K. Goenka, vice-president, Prabhat Khabar, expressing his happiness, said: “The management has taken a bold decision. They interacted with locals and realised that Prabhat Khabar is a strong brand,” he said.
Goenka said the employees are now rejuvenated and geared up to take all steps to he…