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

Share
  • 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.


(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

#reliance #retail #Promoter #Reliance #Retail #sell #stake #Dial