ValuePickr Forum

Justdial may change its trend

Came across the article in ET today.

Full news article download here.

Deal may Trigger Open Offer - The Economic Times - Mumbai, 7_15_2021.pdf (132.4 KB)

Not sure what it means to the outlook for the stock

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Clarification from the company to exchange with regards to the reliance new item on economic times - https://www.bseindia.com/xml-data/corpfiling/AttachLive/6eb4201b-5cf1-49ee-971c-0739adc8ec5a.pdf

No official confirmation from Justdial to the reliance news

It surprises me how even the most authentic news channels and websites report rumours as final news. There should be some accountability on such cases on companies which report such news
There maybe some thing brewing in background but all the news yesterday was as if deal is done and just announcement remains!

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Just Dial board has approved issue of preferential shares to Reliance Retail ventures for a controlling stake.