Reliance Retail Ventures sells 2% stake in Just Dial

22 Dec 2022 Evaluate

Just Dial's promoter -- Reliance Retail Ventures has sold 2 per cent stake in the company for Rs 101 crore in order to comply with the minimum public shareholding norms. According to the bulk deal data available with stock exchanges, Reliance Retail Ventures, a subsidiary of Reliance Industries, offloaded a total of 16,86,119 shares, amounting to 2 per cent stake in Just Dial.

The shares were sold at an average price of Rs 600 apiece, taking the transaction value to Rs 101.16 crore. The shareholding of promoter and promoter group entities in Just Dial, which offers online directory for local contacts, has come down to 74.98 per cent from 76.98 per cent.

Just Dial provides local search related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps (Android, iOS, Windows), over the telephone and text.

Just Dial Share Price

1073.50 22.90 (2.18%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
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Just Dial 1073.50
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