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|
|Buyback Price:||₹ 75 Per Equity Share|