DB Corp Limited Buyback May 2018
(i) D. B. Corp Ltd. (DBCL) is India’s Largest Newspaper Group. It also enjoys a significant presence in the radio and digital space. The Group is expanding its presence across India’s most attractive consumer markets, the Tier II and Tier III cities. With a vast presence in 13 states, D. B. Corp Ltd. holds a strong leadership position in most of the markets where it operates. The Company continues to create value for its stakeholders with a consistent track record of growth and value creation.
(ii) D. B. Corp Ltd. is India’s largest newspaper Group with 65 editions published in 4 languages and an average daily readership of ~44 mn readers across 13 states. With a diverse portfolio of newspapers, online offerings and a strong presence in the radio business, the Group reflects the pulse of Tier II and Tier III cities of India.
(iii) The Group provides best-in-class products and offers advertisers immense opportunities to capture the untapped potential that these emerging cities offer.
a) Radio 94.3 MY FM is the largest radio network catering to the Tier II and Tier III cities of India. Established in the year 2006, the network has expanded rapidly to seven states and has a strong presence in 30 cities. 94.3 MY FM caters to the local flavor of the markets and aims at becoming the voice of its listeners.
b) Digital DB Digital has 13 portals which provide content across varied genres. It also offers tailored content relevant for the Tier II and Tier III cities of India in four languages.
c)Smart Infotainment Dainik Bhaskar and Divya Bhaskar mobile application provide users with a rich collection of information and entertainment.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jul 18 2018|
|Buyback Opening Date:||Aug 07 2018|
|Buyback Closing Date:||Aug 23 2018|
|Buyback Offer Amount:||₹ 312.8 Cr|
|Date of Board Meeting approving the proposal:||May 27 2018|
|Date of Public Announcement:||Jun 27 2018|
|Buyback Offer Size:||5%|
|Buyback Number of Shares:||92,00,000|
|Buyback Price:||₹ 340 Per Equity Share|
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|DB Corp Limited Buyback offer calculation for investment of Rs 2,00,000 @ 265 per share|
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|