Business
Reliance Retail acquires majority stake in Just Dial for ₹3,497 crore
The country’s largest retail player, Reliance Retail, is moving to strengthen its online presence by acquiring a controlling stake in local business search company Just Dial. Reliance Retail will initially acquire 25.33 per cent stake through preferential shares.
It will buy another 15.62 per cent from Just Dial founder VSS Mani. This will give the Mukesh Ambani company 40.95 per cent stake for ₹3,497 crore. Reliance Retail will then make an open offer to Just Dial’s public shareholders to acquire up to 2.17 crore equity shares representing 26 per cent, in accordance with SEBI Takeover Regulations. While the preferential allotment of 2.12 crore equity shares will be at ₹1,022.25 apiece, the 1.31 crore equity share buy from Mani will be at ₹1,020. Just Dial’s shares closed at ₹1,073 on Friday on the Bombay Stock Exchange.
Reliance Retail will leverage Just Dial’s database of 30.4 million listings and its consumer traffic of 129.1 million quarterly unique users, said a press statement. Isha Ambani, Director, Reliance Retail Ventures Ltd, said: “The investment underlines our commitment to new commerce by further boosting the digital ecosystem for millions of our partner merchants, micro, small and medium enterprises.”
News Source : Live Mint
Table of Contents
Business managers, known for their dynamic and demanding roles, are now adopting innovative activity hacks to improve their lifestyle and well-being. Recognizing the importance of work-life balance and personal wellness, these leaders are implementing a range of activities to foster physical health, mental clarity, and overall satisfaction in their professional and personal lives.
Mindfulness at Work lifestyle
Business managers are incorporating mindfulness practices, such as meditation and deep breathing exercises, into their daily routines to reduce stress and increase focus in high-pressure situations.
Regular Exercise Breaks
Amid tight schedules, managers are embracing short exercise breaks, such as brisk walks or stretching exercises, to stay active throughout the day and boost their energy levels.
Nutrition and Healthy Eating
Prioritizing their well-being, managers are adopting healthier eating habits, including nutritious snacks and well-balanced meals, to sustain their energy during demanding workdays.
Time Management Workshops
Business managers are attending time management workshops to enhance their organizational skills, enabling them to efficiently juggle multiple responsibilities and achieve better work-life integration.
Skill Development Seminars
Recognizing the value of continual growth, managers are attending skill development seminars to stay updated on industry trends and enhance their leadership abilities.
Flexible Work Arrangements
Some forward-thinking companies are offering flexible work arrangements to business managers, providing the freedom to create a more harmonious work-life balance.
Social Engagement
Building a sense of camaraderie, managers are engaging in team-building activities and networking events to foster positive relationships within their professional circles.
Unplugging from Technology: In a digital era, managers are prioritizing personal time by unplugging from technology during non-working hours, allowing for genuine relaxation and recharging.
Pursuing Hobbies and Interests
Managers are rediscovering their passions outside of work, be it painting, gardening, or playing a musical instrument, to unwind and find fulfillment beyond their professional roles.
Encouraging Employee Wellness
Some managers are also promoting wellness initiatives within their teams, encouraging their employees to embrace similar activity hacks and lead healthier lives.
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