Trading Members are hereby informed that Jagran Prakashan Limited (Scrip code: 532705) has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed INR 60/- (Indian Rupees Sixty Only) per equity share payable in cash for an aggregate amount not exceeding INR 118,00,00,000 (Indian Rupees One Hundred and Eighteen Crores Only).
1. Proposed timetable for buyback:
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Date of Opening of the Buyback on BOLT
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Monday, March 8, 2021
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Last Date for the Buyback
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Earlier of:
(a) September 07,2021 (i.e., 6 (six) months from the date of the opening of the Buyback; or
(b) when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or
(c) at such earlier date as may be determined by the Board or its duly authorised Buyback Committee, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), however, that all payment obligations relating to the shares bought back shall be completed before the last date or the Buyback.
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2. Broker Members for buyback:
The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:
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Name of the Member
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Clearing No
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Client Code
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YES Securities (India) Limited
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6538
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4015063
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3. Details of Shares held in DEMAT Form:
The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:
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Scrip Code
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532705
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Market Lot
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1 Share
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Scrip ID on BOLT System
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JAGRAN*
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4. Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.
5. Institutional Investors are allowed to participate in the buyback.
6. Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment
7. The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:
Amit Jaiswal
Company Secretary and Compliance Officer
Jagran Prakashan Limited
Jagran Building, 2, Sarvodaya Nagar, Kanpur - 208 005,
Uttar Pradesh, India
Tel No.:+91 512 2216161
Email: investor@jagran.com
- Merchant Banker to the Buyback:
Ernst & Young Merchant Banking Services LLP
The Ruby, 14th Floor, 29 Senapati Bapat Marg,
Dadar West, Mumbai - 400 028, India
Tel No.: +91 22 6192 0000; Fax No.: +91 22 6192 1000
Email: jagran.buyback2021@in.ey.com ; Website: www.ey.com/india
Investor grievance e-mail: investorgrievances@in.ey.com
Contact person: Chintan Hefa
SEBI Registration No.: INM000010700
Validity Period: Permanent
LLP Identity No: AAO-2287
· Advisor to the Buyback:
YES Securities (India) Limited
Unit No. 602 A, 6th Floor, Tower 1 & 2, ONE International Center,
Senapati Bapat Marg, Elphinstone Road (West), Mumbai - 400 013
Tel No.:+91 22 7100 9830;
Email: jpl.buyback2021@ysil.in ; Website: www.yesinvest.in
Investor grievance e-mail: igc@ysil.in
Contact Person: Sachin Kapoor/ Lalit Phatak
SEBI Registration No.: INM000012227
Validity Period: Permanent
CIN No.: U74992MH2013PLC240971
· Investors Service Centre:
KFin Technologies Private Limited
(formerly known as Karvy Fintech Private Limited)
Karvy Selenium, Tower B, Plot No-31 & 32, Financial District,
Nanakramguda, Serilingampally Mandal, Hyderabad, 500 032, India
Tel No.: +91 40 6716 2222; Fax No.: +91 40 2343 1551
Contact Person: Murali Krishna M
Email: jagran.buyback@kfintech.com
Investor grievance e-mail: einward.ris@kfintech.com
Website: www.kfintech.com
SEBI Registration No.: INR000000221
Validity Period: Permanent
CIN: U72400TG2017PTC117649
· At the Exchange:
Clearing & Settlement Department -
Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784
Email Id: bse.csd@bseindia.com
Trading Department -
Trading Operations - Extn: 022-2272- 8376 (For Trading Related)
Help desk - Extn: 61363100 (Hunting) (For BOLT System)
Listing Operations Department –
Mr. Raghavendra Bhat - Extn: 022-2272-8915 (For General Queries)
Rupal Khandelwal
Senior Manager
March 5, 2021 |