reliance retail: Promoter Reliance Retail to sell 2% stake in Just Dial

  • December 19, 2022

Promoter Reliance Retail Ventures plans to sell 2% stake in through the open market by the end of this month in order to comply with regulatory requirements.

Promoter and promoter group entities together hold 76.98% stake in Just Dial. As per regulatory norms, the total promoter holding in a company must not exceed 75%.

Retail held 66.40% stake as of September 30.

“RRVL (Reliance Retail Ventures) intends to complete the sale of shares within a period of 8 trading days beginning December 21,” the company said in a release.

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