Shares of Just Dial rose by over 2 per cent today after its board decided to seek approval of shareholders for increasing the limit of FIIs/FPIs in the company from existing 49 per cent to 75 per cent.
Just Dial's stock ended the day with a gain of 2.33 per cent at Rs 1,775.50 on the BSE. In intra-day, it gained 4.15 per cent to Rs 1,807.20.
At the NSE, the scrip settled at Rs 1,772, up 2.09 per cent from its previous close.
The board has also approved acquisition of Just Dial Inc from Just Dial Global Private Limited, subject to necessary approvals, the company had said in a BSE filing yesterday.
The Board of Directors of the company at its meeting yesterday decided to seek approval of shareholders for increasing the limit on aggregate shareholding of foreign institutional investors/foreign portfolio investors in the company from existing 49 per cent to 75 per cent.
