Stake Sale

Just Dial Ltd allots 2,11,77,636 shares

Posted On : 2021-09-02 11:50:07( TIMEZONE : IST )

Just Dial Ltd allots 2,11,77,636 shares

The Allotment Commiftee of the Board of Directors of Just Dial Ltd at their meeting held on Septembet 1,2021, approved the allotment of 2,11,77,636 (Two crore eleven lakhs seventy seven thousand six hundred and thirty six) equity shares of the Company of face value of INR 10 (Indian Rupees Ten only) each fully paidup in dematerialised form by way of preferential allotment on a private placement basis for cash consideration to Reliance Retail Ventures Limited ("RRVL") (Body Corporate - Public Limited Company) at a price of INR 1,022.25 (lndian Rupees one thousand twenty two and paise twenty five only) per equity share (including a premium of INR 1,012.25 lndian Rupees one thousand twelve and paise twenty five only) per equity share aggregating to INR 2,164,88,38,401 (lndian Rupees two thousand one hundred sixty four crore eighty eight lakh thirty eight thousand four hundred and one only) ("Preferential Allotment"). Post such Preferential Allotment, RRVL holds 40.98% of the total paid-up equity share capital of the Company.

*Inctudes 1,30,61,163 equity shares acquired pursuant to the Share Purchase Agreement dated July 16, 2021 entered into between Mr. Venkatachatam Sthanu Subramani ("Promoter Sellef), Mrs. Anita Mani ("the Contirming Party") and RRVL.

Consequent to the above allotment, the issued, subscribed and paid-up share capital of the Company stands increased to INR 83,54,56,310/- comprising of 8,35,45,631 equity shares of face value of INR 10/- each.

Shares of Just Dial Limited was last trading in BSE at Rs. 956.7 as compared to the previous close of Rs. 953.05. The total number of shares traded during the day was 7225 in over 473 trades.

The stock hit an intraday high of Rs. 964.45 and intraday low of 951.8. The net turnover during the day was Rs. 6919165.

Source : Equity Bulls