Jagran Prakashan has received an approval to buy back up to 150,00,000 fully paid up equity shares of face value of Rs 2 each representing 4.82% of the total number of outstanding equity shares of the company, at a price of Rs 195 per equity share, for an aggregate amount of Rs 292.50 crore out of free reserves and/or securities premium account or such other sources as may be permitted by law, from the existing shareholders of the company. The board of directors at its meeting held on April 27, 2018 approved the same.
Jagran Prakashan has business interests in area of newspapers, outdoor, internet, magazines, below the line marketing solutions, and mobile value added services.
