Jagran Prakashan Buyback 2022 announced on 22 October 2022. The Jagran Prakashan buyback to start from 02 March 2023 and closes on 16 March 2023. The Company will do Buyback with equity of 460,00,000 Equity Shares around 17.45% of Face Value ₹2/ Each Fully paid off at a Price Of ₹75/- Per Equity. The size of this Buyback is about ₹345.00 Crores. And this will be done through a Buyback Tender Offer.
Jagran Prakashan Limited is an Indian publishing house company. The company is in the business of printing and publishing newspapers, magazines, journals, and other media, Outdoor advertising, event management and activation services, and internet business.
The Company’s other interests.’Dainik Jagran’ Kanpur, ‘Dainik Jagran’ Gorakhpur, ‘Daily Action’ Kanpur, and a monthly magazine called ‘Kanchan Prabha’ Kanpur had been purchased by the company. The company publish 10 publications from 33 different printing facilities across 13 states in 5 different languages.
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Necessity of the Issue :
- 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.
Jagran Prakashan Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 06 January 2023 |
| Buyback Offer Amount | ₹345.00 Cr |
| Date of Board Meeting approving the proposal | 22 October 2022 |
| Date of Public Announcement | 22 October 2022 |
| Buyback Offer Size | 17.45% |
| Buyback Number of Shares | 460,00,000 |
| Listing | NSE, BSE |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹75/- per share. |
Jagran Prakashan Buyback 2022 Dates :
We have covered all important dates related to “Jagran Prakashan Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 22 October 2022 |
| Buyback Approval date | 22 October 2022 |
| Public Announcement Date | 22 October 2022 |
| Buyback Record Date | 02 January 2023 |
| Buyback Opening Date | 02 March 2023 |
| Buyback Closing Date | 16 March 2023 |
Jagran Prakashan Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,616 | ₹1,256 | ₹217.00 |
| 2021 | ₹1,289 | ₹1,061 | ₹78.00 |
| 2020 | ₹2,097 | ₹1,665 | ₹281 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
KFin Technologies Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://karisma.kfintech.com/
Manager of The Buyback :
Ernst & Young Merchant Banking Services
Company Address :
Jagran Prakashan Ltd
Jagran Building, 2,
Sarvodaya Nagar
Kanpur – 208005
Phone: 0512-2216161
Email: [email protected]
Website: https://jplcorp.in
How to Participate in Jagran Prakashan Ltd buyback?
The Investors are eligible for the buyback scheme who have Jagran Prakashan shares in their Demat account as the Record date is 06 january 2023 as the offer is Tender offer. Investors can participate in the Jagran Prakashan Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Jagran Prakashan buyback scheme.
How to apply for Jagran Prakashan buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Jagran Prakashan and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Jagran Prakashan buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Jagran Prakashan Buyback in the search option.
- You can see Jagran Prakashan buyback result in search option tap on the Jagran Prakashan buyback.
- You will reach the Jagran Prakashan buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Jagran Prakashan buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Jagran Prakashan stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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Jagran Prakashan Buyback 2022 FAQs:
When is Jagran Prakashan Buyback Announcement Date?
Jagran Prakashan buyback 2022 announcement date is 22 October 2022.
When is Jagran Prakashan Buyback Open Date?
Jagran Prakashan buyback Open date is 02 March 2023.
When is Jagran Prakashan Buyback Close Date?
Jagran Prakashan buyback Close date is 16 March 2023.
When is Jagran Prakashan Buyback Record Date?
Jagran Prakashan buyback 2022 Record date is 06 january 2023 as the offer is Tender Offer.
What is Jagran Prakashan Buyback Price?
Jagran Prakashan company has fixed the price at ₹75 per share.
What is Jagran Prakashan Buyback Offer Size?
Jagran Prakashan company Buyback Offer Size is ₹345 Cr.
How to apply for Jagran Prakashan Buyback 2022?
As per the record date you need to have Jagran Prakashan shares in your Demat account. You can participate in buyback after having the stock in your account.
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