Just Dial zooms 10% as board to consider share buyback proposal

The board of directors of the company will meet on Thursday, April 30, 2020 to consider and approve the proposal for buy-back of fully paid up equity shares of the Company.

Shares of Just Dial rallied 10 per cent to Rs 383 on the BSE on Tuesday after the company announced that it will consider share buyback proposal on Thursday.
 

“A meeting of the board of directors of Just Dial will be held on Thursday, April 30, 2020 to inter-alia consider and approve the proposal for buy-back of fully paid up equity shares of the company and matters necessary and incidental thereto,” Just Dial said in exchange filing on Monday after market hours. READ FILING HERE

The primary objective of a share buyback programme is to arrest