Jagran Prakashan hits 52-week low as stock turns ex-date for buyback today

The stock hit a 52-week low of Rs 145, down 9% on the BSE in intra-day trade.

Shares of Jagran Prakashan (JPL) hit a 52-week low of Rs 145 per share, down 9% on the BSE in intra-day trade, after the stock of publishing company turned ex-date for buyback of equity shares of the company.

The board of directors of the company at its meeting held on April 27, 2018, had approved the buyback of up to 15 million equity shares representing 4.82% of the total equity capital of the Company, at a price of Rs 195 per share, for an aggregate amount of Rs 2,925 million.

The company has fixed June 15, 2018 as