{"id":78690,"date":"2022-12-20T17:20:00","date_gmt":"2022-12-20T11:50:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=78690"},"modified":"2022-12-20T17:16:16","modified_gmt":"2022-12-20T11:46:16","slug":"just-dail-shares-slip-as-reliance-retail-ventures-looks-to-sell-a-2-stake","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/just-dail-shares-slip-as-reliance-retail-ventures-looks-to-sell-a-2-stake\/","title":{"rendered":"Just Dail shares slip as Reliance Retail Ventures looks to sell a 2% stake\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1391533177\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Just Dial dropped 2.32% on Tuesday\u2019s deals to reach a 52-week low of \u20b9 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3541192247\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The Mukesh Ambani-led company is the market leader in the local search engine segment in India. It provides search-related services to users in India, for the discovery of products and services.&nbsp;<\/p><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JUSTDIAL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Just Dial <\/a><\/strong>informed the exchanges that it had received a letter from RRVL stating that it intends to sell equity shares of the company in order to comply with the requirements of minimum public shareholding according to the Securities and Exchange Board of India\u2019s (SEBI) regulations.\u00a0<\/p><p>According to SEBI\u2019s norms, promoters of listed entities, excluding PSU companies, holding more than 75% had to compulsorily sell their stake to comply with the 25% minimum public shareholding (MPS) requirement.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2042922493\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>RRVL shall be undertaking the sale of 16,86,119 equity shares, constituting a 2% stake in the company and it intends to sell these shares within a period of 8 trading days beginning from December 21, 2022.&nbsp;<\/p><p>Just Dial, an internet and catalog retail company reported 58.6% YoY growth in net profit at \u20b952.2 crores, while its revenue stood at \u20b9 205.3 crores, up 31.6% YoY. Active paid campaigns stood at 503,840, up 17% YoY, whereas traffic (quarterly unique visitors) was at 156.5 million users.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-670617917\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Just Dial dropped 2.32% on Tuesday\u2019s deals to reach a 52-week low of \u20b9 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions.&nbsp; The Mukesh Ambani-led company is the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":16624,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-78690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Just Dail shares slip as Reliance Retail Ventures looks to sell a 2% stake\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/just-dail-shares-slip-as-reliance-retail-ventures-looks-to-sell-a-2-stake\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Just Dail shares slip as Reliance Retail Ventures looks to sell a 2% stake\u00a0\" \/>\n<meta property=\"og:description\" content=\"The shares of Just Dial dropped 2.32% on Tuesday\u2019s deals to reach a 52-week low of \u20b9 607.00 apiece on the National Stock Exchange (NSE). This happened amid reports that Reliance Retail Ventures (RRVL), its promoter, proposed to sell a 2% stake in the company via open market transactions.&nbsp; The Mukesh Ambani-led company is the [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/just-dail-shares-slip-as-reliance-retail-ventures-looks-to-sell-a-2-stake\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-20T11:50:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Just-Dail-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/01\/Just-Dail-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/just-dail-shares-slip-as-reliance-retail-ventures-looks-to-sell-a-2-stake\/\",\"url\":\"https:\/\/tradebrains.in\/features\/just-dail-shares-slip-as-reliance-retail-ventures-looks-to-sell-a-2-stake\/\",\"name\":\"Just Dail shares slip as Reliance Retail Ventures looks to sell a 2% stake\u00a0 - 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