The Board of Directors of Just Dial Limited met today i.e. January 20, 2020 and approved the proposal for acquisition of 100% equity shares of MyJD private Limited at face value, thereby resulting in the entity becoming a wholly-owned subsidiary of the Company.
The Company intends to offer a wide array of internet enabled services to users and businesses in India and abroad via this subsidiary in future.
The transaction is expected to be completed on or before March 31, 2020.
Shares of JUST DIAL LTD. was last trading in BSE at Rs.576.05 as compared to the previous close of Rs. 591.55. The total number of shares traded during the day was 193220 in over 4060 trades.
The stock hit an intraday high of Rs. 596.9 and intraday low of 571.25. The net turnover during the day was Rs. 112023214.