Just Dial’s ₹220-cr buyback offer opens today

Shares of Just Dial will remain in focus, as ₹220-crore buyback offer opens on Tuesday. Through the offer, which closes on January 1, 2019, the company plans to buy back 27.50 lakh shares at ₹800 a share. Currently, shares of Just Dial are quoting at around ₹490. Shareholders whose names had appeared on the company’s books on October 12 are eligible to participate, as the buyback offer is through the tender offer route on proportionate basis.