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Jagran Prakashan Buyback 2022 vs Kaveri Seed Buyback 2022

Comparision between Jagran Prakashan Buyback 2022 and Kaveri Seed Buyback 2022.

Buyback Details

Jagran Prakashan Buyback 2022 is a Tender Offer buyback proposed to list at BSE, NSE while Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Jagran Prakashan Ltd Kaveri Seed Company Ltd
Logo Jagran Prakashan Buyback 2022 Logo Kaveri Seed Buyback 2022 Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹2 per share
Buyback Price ₹75 per share ₹700 per share
Issue Size 4,60,00,000 shares
Issue Size (Amount) ₹345.00 Crores ₹125.65 Crores
Buyback Ratio
Registrar Kfin Technologies Limited Bigshare Services Pvt Ltd
Lead Managers Ernst & Young Merchant Banking Services Llp Bajaj Capital Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons:

  • The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
  • The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.

The buyback is being undertaken for the following reason:

1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.

2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.

Buyback Timetable

Jagran Prakashan Buyback 2022 and Kaveri Seed Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Jagran Prakashan Buyback 2022 Buyback record date is Jan 06, 2023. Kaveri Seed Buyback 2022 Buyback record date is .

  Jagran Prakashan Ltd Kaveri Seed Company Ltd
Record Date Jan 06, 2023
Offer Open Date Mar 02, 2023 Nov 07, 2022
Offer Closure Date Mar 16, 2023 Dec 27, 2022
Last date for receipt of tender forms Mar 18, 2023
Finalisation of buyback Mar 24, 2023
Last Date for settlment of bids Mar 27, 2023
Last Date for extinguishment of shares Apr 03, 2023

Financial Details and Other Relevent Information

Comparison of Jagran Prakashan Buyback 2022 and Kaveri Seed Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Jagran Prakashan Ltd Kaveri Seed Company Ltd
Financial
Jagran Prakashan Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202129.57280.91918.491862.25225.18
31-Mar-211341.278.311995.31939.67287.93
31-Mar-221682.68216.882137.422084.69296.62
Amount in ₹ Crore
Kaveri Seed Company Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-211961.861082.05311.211294.281282.62
31-Mar-221880.051011.26212.81262.071250.01
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.60 64.75 69.48
Oct-2022 69.10 63.25 65.76
Sep-2022 72.50 61.40 65.12

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 498.00 422.55 456.33
Aug-2022 496.95 454.50 474.15
Jul-2022 514.65 477.50 496.27
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 74.90 63.10 69.47
Oct-2022 69.45 62.30 65.76
Sep-2022 73.70 60.70 65.16

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Sep-2022 483.95 422.85 457.71
Aug-2022 497.35 454.55 473.36
Jul-2022 514.95 477.65 495.33

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