Jagran Prakashan has received an approval to buyback of up to maximum of 50 lakhs fully paid-up equity shares of the company through the tender offer process on a proportionate basis from the existing shareholders/ beneficial owners of other than promoters, promoter group, directors of the promoter or promoter group or persons in control, at a price of Rs 95 per share for an aggregate amount of Rs 47.50 crore, subject to regulatory compliances and approvals. The board of directors at its meeting held on October 30, 2013 has approved for the same.
Jagran Prakashan, owner of Dainik Jagran, Mid-day and Naiduniya among others is a Kanpur-based media conglomerate. The company has media businesses spanning print, out of home, digital and activations. It owns 9 newspaper titles in 5 different languages across 15 states with over 100 editions.
| Company Name | CMP |
|---|---|
| D.B. Corp | 214.40 |
| Navneet Education | 157.80 |
| Jagran Prakashan | 67.00 |
| HT Media | 23.96 |
| Hindustan Media Vent | 68.84 |
| View more.. | |
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