Jagran Prakashan Limited Buyback (Jagran Prakashan Buyback) Detail

Mar 8, 2021 - Sep 7, 2021

Incorporated in July 1975 as "Jagran Prakashan Private Limited", the company's name was last changed from Jagran Prakashan Private Limited to Jagran Prakashan Limited, in November 2005.

Jagran Prakashan Limited is a media conglomerate with interests spanning across printing and publication of newspapers and magazines, FM radio, digital, outdoor advertising and promotional marketing, event management, and on-ground activation businesses.

The company and its subsidiaries publish 10 (ten) publications from 33 (thirty-three) different printing facilities across 13 (thirteen) states in 5 (five) different languages. Their publication Dainik Jagran is the highest read daily for the last thirteen years. The company has won over 165 National and International awards in the last five years.

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Jagran Prakashan Buyback Detail

Issue PeriodMar 8, 2021 - Sep 7, 2021
Security NameJagran Prakashan Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹118.00 Crores
Buyback Price₹60 per share
Face Value₹2 per share
Listing AtBSE, NSE

Company Financials

Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 17,898.73 19,650.07 19,247.38
Profit After Tax 2,622.83 2,199.12 2,660.13
Net Worth 13,717.20 13,399.97 15,213.14

Stock Market Data (for preceding 3 months)

BSE

Month High Price Low Price Average Price
Feb-2021 60.3 39.9 46.9
Jan-2021 46.8 39.7 43.52
Dec-2020 46.95 39.05 42.93

NSE

Month High Price Low Price Average Price
Month High Price Low Price Average Price
Feb-2021 60.4 40.3 46.89
Jan-2021 46.7 39.15 43.54
Dec-2020 46.9 39.1 42.9

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;

Jagran Prakashan Buyback Documents

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Company Contact Information

Jagran Prakashan Limited
Jagran Building, 2, Sarvodaya Nagar
Kanpur- 208005


Phone: +91-5122216161
Email: investor@sjagran.com
Website: http://www.jplcorp.in

Jagran Prakashan Buyback Registrar

  1. KFintech Private Limited
       Selenium Building, Tower-B, Plot No 31 & 32,
       Financial District,Nanakramguda, Serilingampally,
       Rangareddi, Telangana India - 500 032.

    Phone: 1-800-3454001
    Email: jagran.buyback@kfintech.com
    Website: https://karisma.kfintech.com/

Jagran Prakashan Buyback Manager

Lead Manager(s)

  1. Ernst & Young Merchant Banking Services LLP

Registered Broker

  1. YES Securities (India) Limited
    Email: shailesh.jagdale@ysil.in

Jagran Prakashan Buyback FAQs

  1. When is Jagran Prakashan Buyback offer coming?

    The Jagran Prakashan Buyback opens on Mar 8, 2021, and closes on Sep 7, 2021.

  2. Which type of buyback is Jagran Prakashan Buyback offer?

    The Jagran Prakashan Buyback is a Open Market Through Stock Exchange.

  3. What is the schedule of activities for Jagran Prakashan Buyback?

    Jagran Prakashan Buyback Schedule

    Buyback Opening DateMar 8, 2021
    Buyback Closing DateSep 7, 2021
    Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange
  4. What is the offer price for Jagran Prakashan Buyback offer?

    The Jagran Prakashan Buyback is being offered at Rs ₹60 per share per equity share.

  5. In what ratio is the Jagran Prakashan Buyback offered?

    There is no ratio applicable in case of open market offer through stock exchange mechanism.

  6. What is the record date for Jagran Prakashan Buyback offer?

    There is no concept of record date in case of open market through stock exchange mechanism.

  7. What is the issue size of Jagran Prakashan Buyback?

    The Jagran Prakashan Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹118.00 Crores with pricing of Rs.₹60 per share.

  8. What is the necessity for Jagran Prakashan Buyback?

    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;


1 Comments

Milton
1. Milton  Mar 11, 2021 12:05 I Like It. | Report Abuse Reply 0
@Aniketiaf - sir... how is quick heal buyback? should we go for it?


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