FREE Account Opening + No Clearing Fees

Jagran Prakashan Buyback FAQ's

Jagran Prakashan Buyback Detail
Buyback Record Date
Buyback Open Date March 8, 2021
Buyback Closing Date September 7, 2021
Issue Size (Amount) ₹118.00 Crores
Buyback Price ₹60 per Share

Jagran Prakashan Buyback Date & Price FAQs

The Jagran Prakashan Buyback price is set at Rs 60 Per Share. The Jagran Prakashan Buyback opens on March 8, 2021 and closes on September 7, 2021.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Jagran Prakashan Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Jagran Prakashan Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The Buy-back is being undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders' value;
iii) To return surplus cash to its shareholders; and
iv) To improve return on equity, by reduction in the equity base;

The Jagran Prakashan Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.