jagranJagran Prakashan gained 4.6 % intraday Monday as company approved buyback of shares.

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

The buyback to be done on proportionate basis through the tender offer route.

The buyback shall be subject to receipt of approval of the members of the company by way of special resolution through postal ballot or e-voting.

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