Just dial announces buyback of shares
In the meeting held on 30th April 2020, the Board of Directors of Just dial Ltd. company approved the plan of buying back 31,42,857 equity shares (i.e. 4.84% of the paid up equity capital) at the market value per share of Rs. 700. The total amount of buyback of shares aggregates to Rs 220 crores which is nearly 24% of the total paid up equity capital including the reserves and surplus.
Buyback is a process of repurchasing the shares of the company. It is done by paying the market value of shares to the shareholders and reacquiring the shares of the company.
Just dial, incorporated in 1993 provides digital platform to search for different types of services under one single platform.
Share price movement of Just Dial Ltd:
The share price of Just Dial on NSE today was closed around Rs. 404.90 with the surge of 3.82%. While on BSE, it is Rs 406.00, up 4.16% at 16:15pm (IST) at market close.
Just Dial’s financial performance:
In the financial year 2020-21, Just Dial Limited had a total income of Rs 984.46 crores. It reported a Profit After Tax of Rs. 206.8 crores and had an annualized earnings per share of Rs. 31.93.
