What to watch. Jagran Prakashan to turn ex-date for buyback

Shares of Jagran Prakashan will remain in focus, as it turns ex-date on Thursday for the proposed ₹292.5-crore buyback. The company plans to buy back up to 1.5 crore shares, representing 4.82 per cent of the total equity capital, at ₹195 a share. To participate in the buyback, investors need to own the shares by Wednesday. The buyback will be done on proportionate basis through the tender offer route. Promoters may tender up to 1.25 crore shares in the buyback.