Shares of Jagran Prakashan surged 18 per cent to Rs 57.65 in intra-day trade on Monday after the company on Saturday informed exchanges that its board would mull buyback plan during its next Board meeting.
"The meeting of Board of Directors of Jagran Prakashan Limited is scheduled to be held on Tuesday, March 02, 2021, inter-alia, to consider the proposal for buyback of the fully paid-up equity shares of the Company, as well as matters related/ incidental thereto," the company said in an exchange filing.
The company also announced the closure of trading window from Saturday, February 20, 2021, till the conclusion of 48 hours from the conclusion of the Board meeting to be held on Tuesday, March 02, 2021.