HDFC Mutual Fund sold 2.73% stake in Just Dial for Rs. 108.15 crore

As per the data available according to the regulatory filing HDFC Mutual Fund has sold his 2.73% stake i.e., 1,690,653 shares in Just Dial for Rs. 108 crore in an open market transaction. HDFC mutual fund had earlier held 8.33% stake in the local search engine company.

The transaction was completed on Feb 24, 2021 and average price was around Rs. 639.60 a share which makes the total cost of the transaction to be around Rs. 108.15 crore. After the offloading of the shares, HDFC Mutual Fund still currently holds 5.60% stake in Just Dial.

After news came out shares of Just Dial were trading at Rs. 734 per share on BSE Index which is 4.36% lower.

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