Justdial announces ₹84cr share buyback offer

NEWDELHI: Local search engine Justdial on Monday said it will buy back equity shares for up to ₹84 crore from its shareholders at a price not exceeding ₹700 per share. In a regulatory filing, Justdial said its board of directors “considered and approved the proposal to buy back the company’s fully paid-up equity shares” from its shareholders from the open market. It will buy back shares for a “total amount not exceeding ₹83.91 crore, and at a price not exceeding ₹700 per equity share”, the filing said.