Reliance Retail to acquire 40.95% stake in Just Dial for Rs 3,497 crore
Reliance Retail to acquire 40.95% stake in Just Dial for Rs 3,497 crore
Reliance Retail Ventures Ltd has said it will acquire 40.95 per cent stake in Just Dial for Rs 3,497 crore. The investment is part of the telecom to petrochemicals conglomerate’s digital bet.
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UPDATED: July 17, 2021 07:23 IST
The retail arm of Reliance will make a public announcement for an open offer for acquiring up to 2.17 crore equity shares of Just Dial. (Photo: Reuters)
Reliance Retail Ventures Ltd (RRVL) on Friday said it will acquire 40.95 per cent stake in Just Dial for Rs 3,497 crore, bolstering its digital play in the rapidly growing online commerce market in India.
Reliance acquires 40 95 per cent stake in Just Dial for Rs 3,497 crore
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Reliance Retail Ventures acquires 40 95% stake in Just Dial for ₹3,497 crore
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SEBI makes dividend distribution policy mandatory for top 1,000 listed firms
The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder
PTI | May 11, 2021 | Updated 21:18 IST
Sebi has amended Listing of Obligations and Disclosure Requirements (LODR) rules and the new rules have come into effect from May 5
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy.
The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5.
To strengthen corporate governance practices and disclosure requirements, Sebi has notified new rules, including that top 1,000 listed firms will have to formulate a dividend distribution policy. The regulator has also put in place a framework in relation to applicability, constitution and role of the Risk Management Committee (RMC) and eased norms for re-classification of a promoter as a public shareholder, according to a notification dated May 5. In addition, the regulator has asked listed firms to make available audio and video recordings of analyst and investor meets on their websites as well as stock exchanges within 24 hours or before the next trading day and also notified rules regarding Business Responsibility and Sustainability Report (BSSR).