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Jagran Prakashan Buyback Nov 2022


Jagran Prakashan Buyback Nov 2022

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 Buyback Tender process dates - not yet announced.

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.

Jagran Prakashan Limited Buyback

TitleDetail
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:TBD
Buyback Close Date:TBD
Payment Date:TBD
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 %:-

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FAQs

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.

Jagran Prakashan Limited Buyback Profit Calculation

% Share AcceptedNo of Shared AcceptedGain from Buyback Offer
33%943₹4715
50%1428₹7140
75%2143₹10715
100%2857₹14285

 

Steps to participate in Jagran Prakashan Limited buyback:

  1. On Record date (6th Jan 2023) you must have share of Jagran Prakashan Limited in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
  2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
  3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

 

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: Not Yet Announced

Buyback closing date for Jagran Prakashan Limited: Not Yet Announced

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 Not Yet Announced.

 

Buyback opening date for Jagran Prakashan Limited: Not Yet Announced

Buyback closing date for Jagran Prakashan Limited: Not Yet Announced

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 .

 


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