Jagran Prakashan Limited Buyback Offer 2019

(i) Jagran Prakashan Limited Incorporated in 1975, Jagran Prakashan Private Limited (BSE: 532705| NSE: JAGRANEQ)is a leader in Printing with the flagship newspaper brands – Dainik Jagran, Mid-Day, and Naidunia and Radio brand Radio City.

(ii) Print Media In Print Media Jagran Prakashan has 10 titles across 13 states in 5 different languages and a total readership of 68 mn, Jagran is the largest print media group in the country

(iii) Radio City 91.1 FM – India’s first & leading FM brand has been synonymous with the category since its inception in 2001. Without of the box innovations, ideas and well-researched music forming the crux of all the programming initiatives, Radio City 91.1 FM has been able to strike the right chord with the listeners making it a pioneer in radio in India. Innovative programming and marketing initiatives have helped Radio City pioneer FM in India. In phase III auction, the network has expanded its footprint by efficiently adding 11 new markets after carefully selecting towns with greater SEC AB population. With the addition of the new towns and addition of Radio Mantra towns, Radio City reaches to 39 most important towns of India dominating the most important advertiser markets.

(iv) Digital Media In Digital Media Jagran Prakashan has Leading across diverse genres of Hindi News and Education, Jagran New Media, with over 85 mn+ visitors is one of the top digital media platforms in the country.

(v) OOH, Jagran Engage provides bespoke Out of- Home marketing services across India. They offer a comprehensive portfolio of solutions to suit customized client requirements. Their services encompass planning, creative adaptations, competitive landscape, data on traffic count and post-campaign results.

Buy Back Offer Deal:

Buyback Type: Open Market
Buyback Offer Amount: ₹ 101.2 Cr
Date of Board Meeting approving the proposal: Dec 09 2019
Date of Public Announcement: Dec 09 2019
Buyback Offer Size: 4.55%
Buyback Number of Shares: 135,00,000
Price Type: Open Market
FV: 2
Buyback Price: ₹ 75 Per Equity Share

Details of Buyback:

The Board of Directors of Jagran Prakashan Limited at its meeting conducted on 09.12.2019 has approved the buyback of up to 135,00,000 fully paid-up equity shares of face value INR 2 each from all the existing shareholders/ beneficial owners of Equity Shares of the Company through the “Open Market” route, at a price of INR 75 per Equity Share payable in cash, for an aggregate consideration of Rs. 1,012,500,000( Buyback Size).

How to Participate in buyback?

In this method of share Buyback, the company will be purchasing stocks from existing shareholders of the company directly from the market. Example: “Jagran Prakasan ” announces the buyback plan of its shares up to the price of Rs 75, it means that the company will be purchasing shares of "Jagran Prakasans" from the open market at a price not exceeding Rs.75 per share. Scenario 1- If the share price is below Rs. 75 in that case, the company will put buy orders at the current market price and purchase shares. Scenario 2- If the share price is above Rs. 75, in that case, the company will put buy order at Rs. 75 only and if someone is ready to sell at Rs.75 or less then the only company will get back shares.

Profit from the buyback on the bases of acceptance Ratio:



As it is the Open-Market Buyback, so no arbitrage for the investors. ]


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