Jagran Prakashan has received approval from board of directors to buyback shares.

The company has approved a buyback of upto 1.5 crore fully paid-up shares of face value Rs.2 each representing 4.82% of the total outstanding equity shares of the company, at its meeting held on April 27,  for an aggregate amount of Rs.292.5 crore.

The buyback will be subject to receipt of approval from the members of the company, by way of special resolution via postal ballot or e-voting. Moreover, the buyback will be done on proportionate basis via the tender offer route.

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