Shares of local search engine Just Dial will remain in the limelight as it will spend up to Rs.164.5 crore on a share buyback programme. It plans to buy back up to 10.61 lakh shares at Rs.1,550 a share on proportionate basis.
The company has fixed the record date as December 4. So, those who wish to participate in the buyback programme would have to buy the shares by Thursday. The buyback is being undertaken by Just Dial to return surplus funds to its shareholders.
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