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Just Dial Ltd. expects to complete its Rs 220-crore proposed buyback over the next three months.
“We need to take statutory approvals for the buyback, which will take roughly three months,” Chief Financial Officer Abhishek Bansal told BloombergQuint today.
The company’s board approved a buyback of 27.5 lakh shares, or 24.26 percent equity, at Rs 800 apiece on Saturday. The announcement came after the search services provider reported an over 11 percent growth in its June quarter revenue.
Year-On-Year
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