Buyback plan boosts Just Dial shares

Reuters | Updated on January 19, 2018 Published on February 17, 2016

Shares of Just Dial surged as the company informed the exchanges that its buy-back offer of 10.61 lakh equity shares would open for subscription on February 25, and close on March 10.

The company shares jumped as much as 8.50 per cent.

Just Dial is down as much as 47.4 per cent, as of Tuesday’s close.

The stock had been hit on worries it was richly valued despite tougher competition.

Published on February 17, 2016
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