Reliance Retail & Just dial Deal

Regarding the acquisition of Just Dial Limited, Reliance in its statement has said the following:

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 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 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 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 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.

Reader may find the copy of Media Release by RRVL dated September 1, 2021 provided hereunder for their reference:

Reliance Retail & Just Dial Deal





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