Mr. V.S.S. Mani, a member of the promoter group of Just Dial Limited (JDL), has acquired 2,39,647 equity shares of the company. This transaction is an ‘inter-se’ transfer of shares within the promoter group, specifically from Mrs. Eshwary Krishnan. The acquisition, which is expected to occur on or after August 31, 2026, is part of a gift of shares and involves no monetary consideration. This transfer is being notified under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Just Dial Promoter Share Transfer Announced
Mr. V.S.S. Mani, who is part of the promoter group of Just Dial Limited (JDL), has officially notified stock exchanges of his intention to acquire 2,39,647 equity shares. This acquisition is an ‘inter-se’ transfer of shares from another promoter group member, Mrs. Eshwary Krishnan. The transaction is scheduled to take place on or after August 31, 2026.
Transaction Details and Rationale
The acquisition represents a transfer of approximately 0.28% of Just Dial’s total share capital. The announcement clarifies that this is a gift of shares between qualifying persons within the promoter group and therefore, no consideration is involved. This transaction is being undertaken in accordance with Regulation 10(1)(a)(ii) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, which permits such transfers without triggering an open offer.
Shareholding Impact
Following the proposed inter-se transaction, the aggregate shareholding of the acquirer and the seller will remain unchanged at 67,07,834 equity shares, representing 7.89% of JDL’s total share capital. The filing also includes declarations by both Mr. V.S.S. Mani and Mrs. Eshwary Krishnan confirming compliance with relevant regulations and that no encumbrances have been created on their shares during the specified financial years.
Source: BSE
