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 Period	Mar 8, 2021 - Sep 7, 2021
Security Name	Jagran Prakashan Limited
Issue Type	Open Market Through Stock Exchange
Issue Size (Amount)	₹118.00 Crores
Buyback Price	₹60 per share
Face Value	₹2 per share
Listing At	BSE, 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

Public Announcement

Jagran Prakashan Buyback Rating

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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

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)

Ernst & Young Merchant Banking Services LLP

Registered Broker

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

Find Jagran Prakashan Buyback Latest Update

Jagran Prakashan Buyback FAQs

When is Jagran Prakashan Buyback offer coming?

The Jagran Prakashan Buyback opens on Mar 8, 2021, and closes on Sep 7, 2021.
Which type of buyback is Jagran Prakashan Buyback offer?

The Jagran Prakashan Buyback is a Open Market Through Stock Exchange.
What is the schedule of activities for Jagran Prakashan Buyback?

Jagran Prakashan Buyback Schedule

Buyback Opening Date Mar 8, 2021

Buyback Closing Date Sep 7, 2021
Last date for acceptance of shares Upon relevant pay-out by the Stock exchange
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.
In what ratio is the Jagran Prakashan Buyback offered?
There is no ratio applicable in case of open market offer through stock exchange mechanism.
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.
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.
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

1. Milton Mar 11, 2021 12:05

Reply 0

@Aniketiaf - sir... how is quick heal buyback? should we go for it?

Buyback Opening Date	Mar 8, 2021
Buyback Closing Date	Sep 7, 2021
Last date for acceptance of shares	Upon relevant pay-out by the Stock exchange