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Jagran Prakashan Buyback vs NIIT Buyback

Comparision between Jagran Prakashan Buyback and NIIT Buyback.

Buyback Details

Jagran Prakashan Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while NIIT Buyback is a Tender Offer proposed to list at BSE, NSE.

  Jagran Prakashan Limited NIIT Limited
Logo Jagran Prakashan Buyback Logo NIIT Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹2 per share
Buyback Price ₹60 per share ₹240 per share
Issue Size 98,75,000 shares
Issue Size (Amount) ₹118.00 Crores ₹237.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders 19 Equity Shares for every 292 Equity Shares held on the Record Date
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Ernst & Young Merchant Banking Services Llp Jm Financial Limited
Necessity of the buyback

The Buy-back is being undertaken by the Company to:
i) Optimize returns to shareholders;
ii) Enhance overall shareholders' value;
iii) To return surplus cash to its shareholders; and
iv) To improve return on equity, by reduction in the equity base;

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

Buyback Timetable

Jagran Prakashan Buyback and NIIT Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Jagran Prakashan Buyback Buyback record date is . NIIT Buyback Buyback record date is Feb 24, 2021.

  Jagran Prakashan Limited NIIT Limited
Record Date Feb 24, 2021
Offer Open Date Mar 08, 2021 Apr 12, 2021
Offer Closure Date Sep 07, 2021 Apr 28, 2021
Last date for receipt of tender forms Apr 30, 2021
Finalisation of buyback May 06, 2021
Last Date for settlment of bids May 07, 2021
Last Date for extinguishment of shares May 14, 2021

Financial Details and Other Relevent Information

Comparison of Jagran Prakashan Buyback and NIIT Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Jagran Prakashan Limited NIIT Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 17,898.73 19,650.07 19,247.38
Profit After Tax 2,622.83 2,199.12 2,660.13
Net Worth 13,717.20 13,399.97 15,213.14
Summary of financial Information (consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Income 1,00,598 87,136 85,909
Profit After Tax 1,32,718 8,720 6,368
Net Worth 96,292 28,350 18,938
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 60.30 39.90 46.90
Jan-2021 46.80 39.70 43.52
Dec-2020 46.95 39.05 42.93

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 205.95 187.65 198.63
Dec-2020 207.35 168.75 182.88
Nov-2020 190.35 131.50 153.42
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2021 60.40 40.30 46.89
Jan-2021 46.70 39.15 43.54
Dec-2020 46.90 39.10 42.90

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2021 206.15 187.60 198.60
Dec-2020 207.30 168.85 182.97
Nov-2020 190.50 131.50 153.43

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