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Outcome of board meeting of Just Dial

Capital Market 

Held on 11 July 2017

Just Dial announced that the Board of Directors at its meeting held on 11 July 2017 transacted the following -

Considered and approved new Employee Stock Option Scheme 2017 and issuance of 41,73,000 equity shares (nearly 6% of the paid up capital) of the Company, to be utilised over the next 4 years, subject to approved shareholder of the Company through postal ballot.

Decided to amend terms of Just Dial Employee Stock Option Scheme, 2016, subject to approval of shareholders of the Company through posted ballot.

Considered and approved Draft Postal Ballot Notice for the aforesaid purpose.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, July 11 2017. 12:27 IST