Reliance in talks to buy Justdial for $800-900 mn
Justdial Managing Director VSS Mani and family control 35.5 per cent of the company that is currently valued at Rs 2,387.9 crore Reliance Industries eyes listings company Justdial BusinessToday.In
Updated Jul 15, 2021, 1:08 PM IST
Mukesh Ambani-helmed Reliance Industries is in advanced negotiations to buy Justdial from its founding promoters for $800-900 million. Once complete, the deal will allow Reliance access to the 25-year-old listings company’s merchant database.
A formal announcement is expected on July 16. The listings company has called for a board meeting on the day, as mentioned in a report in The Economic Times.
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