Jagran Prakashan Buyback 2022 Record Date, Buyback Price, Entitlement Ratio


Last updated on February 21, 2023

Jagran Prakashan Buyback

Jagran Prakashan Buyback 2022 description – 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 are among the company’s other interests.

The digital wing of the Jagran Prakashan Limited India’s leading media and communications group with its interests spanning across Print, OOH, Activations, Radio and Digital. Jagran.com is the flagship brand of the Jagran New Media and is the No.1 Hindi News and Information site in India. Jagran.com is the online version of the world’s largest read daily newspaper – Dainik Jagran, with 29.6 Million users (comScore MMX Multi- Platform; Aug 2018). The site aims to reshape the online Hindi news segment in Hindi Heartland with a compelling customer experience and user engagement.

Jagran Prakashan Share Buyback 2022 Details

Buyback Dates2 – 16 March 2023
Jagran Prakashan Buyback Price INR 75 per share
Buyback Offer Size (Shares)4,60,00,000 shares
Buyback offer as % of total shares17.45%
Buyback Offer Size (Amount)INR 345 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtBSE, NSE

Jagran Prakashan Buyback Dates (Timeline)

Board Meeting for Buyback Proposal04 November 2022
Buyback Approval Date04 November 2022
Public Announcement of Buyback21 December 2022
Jagran Prakashan Buyback Record Date06 January 2023
Buyback Opening Date2 March 2023
Buyback Closing Date16 March 2023
Cut-off Date to receive completed tender forms by Registrar18 March 2023
Verification Date by the Registrar23 March 2023
Return of unaccepted shares by Registrar27 March 2023
Extinguishment of accepted shares3 April 2023

Jagran Prakashan Buyback 2022 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Jagran Prakashan Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(Shares less than INR 2 Lakh)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

Jagran Prakashan Ltd’s Financial Performance

FY 2019FY 2020FY 2021FY 2022
Total Income1,965.011,789.871,170.761,451.48
Total Expenses1,552.371,417.91918.001,066.38
Net income 219.91262.28135.53248.34
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 75
Maximum shares for small shareholder (2,00,000/75)2,667 shares*
Closing price of stock as on 04 November 2022INR 73.05**
Maximum amount invested in buyback (INR 73.05x 2667 shares)INR 1,94,824
* No. of shares stands to change according to the closing price on record date
** For simplicity, IPO Central
has considered price on buyback approval date

Jagran Prakashan Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
2,6671,8791,879 (100%)3,664.051.88
2,6671,8793,758 (200%)7,328.13.76
2,6671,8795,637 (300%)10,992.155.64

Registrar of Jagran Prakashan Buyback 2022

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +914067162222
Email: [email protected]
Website: www.kfintech.com

Manager of Jagran Prakashan Buyback 2022

The Ruby, 14th Floor, 29 Senapati Bapat Marg,
Dader West, Mumbai- 400028
Tel. No.: +912261920000
Email: [email protected]
Website: www.ey.com/in/mb

Process to Participate in Jagran Prakashan Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.

The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Frequently Asked Questions

When does Jagran Prakashan share buyback offer open?

Jagran Prakashan share buyback opens on 2 March 2023 and closes on 16 March 2023.

Which type of buyback is Jagran Prakashan buyback offer?

Jagran Prakashan buyback is a tender offer.

What is Jagran Prakashan buyback price?

Jagran Prakashan buyback price is INR 75 per share.

What is Jagran Prakashan buyback record date?

Jagran Prakashan buyback record date is 06 January 2023.


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