November 30, 2021 18:04 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
No Mamata-Uddhav meeting in Mumbai owing to Maharashtra CM's health condition | BSP will fight UP polls alone: Mayawati | Centre asks states and UTs to ramp up COVID-19 testing amid Omicron scare | Fuel prices remain unchanged | Opposition MPs' suspension won't be revoked: Rajya Sabha chairman Venkaiah Naidu
Reliance completes acquisition of Just Dial Reliance
Wikimedia Commons

Reliance completes acquisition of Just Dial

India Blooms News Service | @indiablooms | 03 Sep 2021, 09:48 am

Mumbai: Reliance Retail Ventures Limited, has now taken sole control of Just Dial Limited in accordance with the SEBI Takeover Regulations with effect from September 1, 2021.

"On July 20, 2021, RRVL acquired 1.31 crore equity shares of Rs.10/- each of Just Dial at a price of Rs.1,020/- per equity share from Mr. VSS Mani on the floor of the stock exchange through the block window facility. The acquisition represents 15.63% of the post-preferential issue paid-up equity share capital of Just Dial," Reliance said in a statement.

"On September 1, 2021, Just Dial, pursuant to the preferential issue, allotted 2.12 crore equity shares of Rs. 10/- each at a price of Rs. 1022.25/- per equity share (including a premium of Rs. 1012.25/- per equity share) representing 25.35% of the post-preferential issue paid-up share capital of Just Dial to RRVL," the statement said.