Just Dial accepts buyback worth up to Rs 220 crore
Just Dial accepts buyback:
The Just Dial‘s shares increased more than 8% after informing the stock exchanges that the board agreed to buy shares up to Rs 220 crore.
“A proposal for the buying of up to 31,42,857 shares at a maximum price of Rs. 700 for the equity share payable in cash, for a total gross amount of up to Rs 220 crores approved by the Board of Directors of the company today 30 April,” said Just Dial in a regulatory submission.
The buyback stands for 4.84% of the overall shares of the company paid-up.
Besides, the share of Just Dial Ltd traded with the bullish trend. It trades with a gain of 27.70 points reached 417.70 INR with 7.10% up in NSE. Whereas in BSE, it trading with a gain of 28.20 points reached 418.00 INR with 7.23% up.
April 30th Stock Market
Besides, on the third day of the week, the stock market trading with the bullish trend. The Sensex traded with a gained 887.60 points reached 33,607.76 level with 2.71% up. Whereas, Nifty traded with a gain of 259.25 points reached 9,812.60 level with 2.71% up.
In the border market, the S&P BSE Midcap traded with a gain of 149.81 points reached 11,990.01 with 1.27% up. Whereas, S&P BSE SmallCap traded with a gain of 149.25 points reached 11,124.41 with 1.36% up. At the same time, Nifty bank traded with a gain of 573.30 points reached 21,663.50 level with 2.72% up.