|Opening of Offer to Buy – Acquisition Window (Buyback) for Just Dial Limited
Trading Members and Custodians are requested to note that Securities Exchange Board of India (SEBI) has issued Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and vide its circular no. CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015 and no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016. The Exchange vide its notice no. 20170210-16 dated Feb 10, 2017, has issued Revised Guidelines of Mechanism for acquisition of shares through Stock Exchange pursuant to Tender-Offers under Takeovers, Buy Back and Delisting.
All Market Participants are hereby informed that Just Dial Limited (“The Company”) has announced Buyback of up to 27,50,000 (Twenty Seven Lakhs Fifty Thousand) fully paid-up equity shares of face value of Rs. 10 each (“Equity Shares”), amounting to 4.08% of the issued, subscribed and paid-up equity share capital of the Company as on March 31, 2018, on a proportionate basis, from the eligible shareholders holding equity shares as on October 12, 2018 (the “Record Date”), by way of a Tender Offer, for Cash at a price of Rs. 800 (Rupees Eight Hundred Only) per equity share for an aggregate amount of up to Rs. 2,20,00,00,000 (Rupees Two Hundred Twenty Crores Only) (“Buy-back”). The buy-back shall be up to 24.26% of the aggregate paid-up capital and free reserves of the Company from December 18, 2018 to January 01, 2019.
Market participants are further requested to note that this offer will be as per the Revised Guidelines of SEBI circular no. CFD/DCR2/CIR/P/2016/131 dated Dec 09, 2016 and Exchange notice no. 20170210-16 dated Feb 10, 2017 and the details of this Offer to Buy would be available on BSE Website – www.bseindia.com.
Additional General Manager
Listing Sales & Ops
December 13, 2018