Reliance Retail Ventures Ltd's open offer for the shareholders of Just Dial to buy an additional 26 per cent stake in the company will commence on September 13
Reliance Retail Ventures Ltd on Tuesday purchased shares worth over Rs 1,332 crore in Just Dial Ltd, through an open market transaction.
RRVL has announced the acquisition of a controlling stake or a 40.95 per cent holding in Just Dial for a total consideration of Rs 3,497 crore
Reliance Retail Ventures, a subsidiary of Reliance Industries said it will acquire a 40.95 per cent stake in Just Dial for Rs 3,497 crore
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Will acquire 25.33% stake via preferential allotment at Rs 1,022.25 a share, another 15.62% from Just Dial founder V S S Mani. It will later make an open offer for 26% as per Sebi rules
VSS Mani will continue as MD and CEO of Just Dial; company reported a net loss of Rs 3.5 crore in June quarter
It said the company evaluates various opportunities on an ongoing basis
The stock of Adani Ports has seen some correction from its lifetime highs and, in the last two days, it witnessed a reversal
The company has signed an advertising agreement with broadcaster Star for advertising as 'Co-Presenting Sponsor' in Indian Premier League, to be held in April-May 2021
Multiplex major PVR plans to invest Rs 150 crore to open up to 40 screens across the country in the next fiscal
The sale took place through an open market transaction
The stock of Nestle India has witnessed a gradual correction and has consolidated near the 200-DMA level of 16,950, maintaining a decent support.
The company had registered a net profit of Rs 76.94 crore in the same quarter a year ago
The stock was trading close to its 52-week high of Rs 646.
In the past 18 trading days (since September 25), Just Dial has zoomed 70 per cent after its promoter & director, Anita Mani acquired more than 1 per cent stake in the company through open market
Between September 25 and September 30, 2020, Anita Mani purchased 679,677 equity shares for Rs 25.33 crore, according to disclosure made by the company to stock exchange
Local search platform Just Dial on Friday said its net profit rose over 45 per cent to Rs 83.3 crore in the June 2020 quarter.
The board has approved the proposal for buyback of up to 3.14 million shares, representing 4.84% of the total equity capital of the company, at a maximum price of Rs 700 per share
The board of directors of the company will meet on Thursday, April 30, 2020 to consider and approve the proposal for buy-back of fully paid up equity shares of the Company.