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Jagran Prakashan Limited (BSE:532705, NSE:JAGRAN) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Jagran Prakashan Buyback Nov 2022? The company has announced a buyback price of Rs 75. Buyback Announced on 04-11-2022, the Record Date for the eligible investor is 06-01-2023.
Jagran Prakashan Limited Buyabck Tender process starts from 02-03-2023 and end on 16-03-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is %.
The summary report of Jagran Prakashan Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
Title | Detail |
---|---|
Company Name: | Jagran Prakashan Limited |
Buyback Type: | Tender Offer |
Offer Amount: | ₹345.00Cr |
Buyback Number of Shares: | 4,60,00,000 |
Buyback Price: | 75 |
Approx Entry Price: | 70 |
Promoters In: | Y |
Record Date: | 06-01-2023 |
Buyback Open Date: | 02-03-2023 |
Buyback Close Date: | 16-03-2023 |
Payment Date: | 24-03-2023 |
Record Date Price: | - |
Maximum Retail Quantity: | - |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | Letter of Offer |
Acceptance Ratio Retail: | - |
Acceptance Ratio Retail %: | |
Acceptance Ratio General: | - |
Acceptance Ratio General %: | |
Final Acceptance Ratio %: | - |
The Record Date for Jagran Prakashan Limited Buyback offer is 6th Jan 2023
Which means you should hold the Jagran Prakashan Limited share in your demat account by closing session of 6th Jan 2023. Share purchased on and before (6th Jan 2023) - 2 business days will be available in your demat account by 6th Jan 2023.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Jagran Prakashan Limited shares at ₹70 and buyback offer price is ₹75, you can get ₹5 per accepted share. If you hold 2857 shares of Jagran Prakashan Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 943 to 1428 shares with the gain from buyback of ₹4715 to ₹7140.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
% Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
---|---|---|
33% | 943 | ₹4715 |
50% | 1428 | ₹7140 |
75% | 2143 | ₹10715 |
100% | 2857 | ₹14285 |
Steps to participate in Jagran Prakashan Limited buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Jagran Prakashan Limited: 2nd Mar 2023
Buyback closing date for Jagran Prakashan Limited: 16th Mar 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 24th Mar 2023.
Buyback opening date for Jagran Prakashan Limited: 2nd Mar 2023
Buyback closing date for Jagran Prakashan Limited: 16th Mar 2023
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .