Jagran Prakashan to consider share buyback plan, in a meeting which is scheduled to be held on April 27.

In a regulatory filing the company stated, “The board of directors of Jagran Prakashan is scheduled to be held on Friday, 27th  April, 2018 inter-alia to consider the proposal for buyback of shares.”

The major objective of the share buyback plan is to arrest the fall in the value of a stock by reducing the supply of the stock, which essentially pushes up the share price via a better P/E multiple. Further, it also aims at improving earning per share.

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