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Incorporated in 1996, Justdial Ltd is India's local serach engine for business. The company started its journey by providing local search services under Justdial brand. The company officialy launched their website 2007. Justdial's search services are available to users across multiple platforms such as website, mobile website, Apps, voice and text (SMS).
Jstdial has also initiated 'Search Plus' services for its users. These services aim at making several day-to-day tasks conveniently actionable and accessible to users through one App. By doing so, it has transitioned from being purely a provider of local search and related information to being an enabler of such transactions. Justdial has also recently launched JD Omni, an end-to-end business management solution for SMEs, through which it intends to transition thousands of SMEs to efficiently run their business online and have adequate online presence via their own website and mobile site. Apart from this, it has also launched JD Pay, a unique solution for quick digital payments for its users and vendors, and JD Social, its official social sharing platform to provide curated content on latest happenings to users. The organisation also aims to make communication between users and businesses seamless through its Real Time Chat Messenger.
June 25th, 2020: Justdial Ltd (BSE:535648| NSE:JUSTDIAL) board has approved a proposal for buyback of up to 31.42 lakhs shares at Rs 700 per share, aggregating Rs 220 Cr (Buyback Offer Size) which is 23.92% of total paid-up equity share capital.
Below is the complete details about Just dial Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 220 Cr |
| Buyback Number of Shares: | 31.42 Lakhs |
| Buyback Price: | Rs 700 |
| Buyback Offer Size (In %): | 23.92% |
| Total Share Capital: | Rs 2431.62 CR |
| Face Value: | 10 Per Equity Share |
Can I Invest today to participate in Just dial Ltd buyback offer? No
In this section we have covered all important dates related to Just dial Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 1st Apr 2020 |
| Buyback Approval date | 23rd Jun 2020 |
| Public Announcement of Buyback | 25th Jun 2020 |
| Record Date | 3rd Jul 2020 |
| Buyback opens on/Buyback Opening Date | 4th Aug 2020 |
| Buyback closes on/Buyback Closing Date | 17th Aug 2020 |
| Cut-off date to receive completed tender forms by Registrar | 19th Aug 2020 |
| Cut-off date for verification by the Registrar | 25th Aug 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
25th Aug 2020 |
| Last date of settlement of bids on the stock exchange | 26th Aug 2020 |
| Last date to return unaccepted shares by Registrar | 26th Aug 0200 |
| Last date of extinguishment of Equity Shares | 2nd Sep 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Just dial Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 32.95% |
| Non-Promoter-Institutions | 61.61% |
| Non-Promoter-Non-Institutions | 5.44% |
Just dial Ltd Public Announcement >>Document
Just dial Ltd Draft Letter of Offer >>Document
Just dial Ltd Letter of Offer >>Document
Just dial Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 26Equity Shares for every 293Equity Shares held on the Record Date | 8.87% |
| General Category | 13Equity Shares for every 290Equity Shares held on the Record Date | 4.48% |
For Just dial Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 100%, No. of Equity Shares reserved in Buyback was 26,71,428 where valid bid received for retail category was 3,68,39,970 which is 100% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 100%, No. of Equity Shares reserved in Buyback was 4,71,729 where valid bid received for retail category was 17,42,307 which is 100%. Final Acceptance Ratio for Retail Investors was 100%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 933.35 (0.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Just dial Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Just dial Ltd? How can I apply in Just dial Ltd Buyback offer?Last Updated on 2020-09-10T08:02:13+00:00
