Reliance Retail Ventures Limited Acquires Sole Control Of Just Dial Limited On September 1, 2021
RELIANCE RETAIL VENTURES NOW HOLDS 40.98% IN JUST DIAL LIMITED
Further to the media release dated July 16, 2021 regarding acquisition of controlling stake in Just Dial, Reliance Retail Ventures Limited (“RRVL”), has now taken sole control of Just Dial Limited (“Just Dial”) in accordance with the SEBI Takeover Regulations with effect from September 1, 2021.
a) 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.
b) 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.