Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 April, 2021 17:31 IST
Jagran Prakashan plans to buyback shares worth Rs 1,180 mn
Source: IRIS | 08 Mar, 2021, 09.27AM
Rating: NAN / 5 stars.
Comments  |  Post Comment

 The board of the Jagran Prakashan, a leading Indian publishing house, has approved to buy back shares worth up to Rs 1,180 million.


The board of directors of the company on Tuesday approved the buyback of the company's fully paid-up equity shares of face value of Rs 2 each, for an aggregate amount not exceeding Rs 1,180 million excluding brokerage, costs, fees, turnover charges, taxes such as buyback tax, securities transaction tax, goods and service tax (if any) and income tax, stamp duty, printing expenses, filing fees, advisors fees and other incidental and related expenses and charges and at a price not exceeding Rs 60 payable in cash, from its shareholders/ beneficial owners, from the open market through stock exchange mechanism.

As per the company, the indicative number of shares proposed to be bought back would be 1,96,66,666, representing 6.99% stake.

Shares of the company gained Rs 0.55, or 0.97%, to settle at  Rs 57.20.  The total volume of shares traded  was 66,580 at the BSE (Friday).



 Post Comment
Name Email
Comment
Security Code type    into this box
Related Articles
IDBI Capital maintains Buy on HDFC Bank with target price of Rs 1,740 - 21-Apr-2021 15:13
Prestige Estates Projects acquires stake in two partnership firm - 21-Apr-2021 14:55
Jubilant Pharmova arm completes studies using novel oral formulation of Remdesivir - 21-Apr-2021 14:26
Mahindra Treo Zor crosses 1,000 sales milestone - 21-Apr-2021 13:23
Accumulate Infosys; target price of Rs 1,505: IDBI Capital - 21-Apr-2021 12:49
Accumulate ACC; target price of Rs 2,143: IDBI Capital - 21-Apr-2021 11:31
IDBI Capital maintains Hold on Nestle with target price of Rs 16,195 - 21-Apr-2021 11:19
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer