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Reliance dials 8888888888 to shop for Justdial

Synopsis Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today. Reliance in advance talks to buy Justdial, formal announcement likely on July 16 Even as the Future Group buyout remains caught in legal crosshairs with Amazon, Asia’s richest man Mukesh Ambani is making a move on his next strategic target. Ambani’s telecom to petrochemicals conglomerate, is in advance negotiations to buy Just Dial (JD) from its founding promoters in a $800-$900 million transaction, said multiple sources aware. The transaction, once successful, will help, Reliance Retail leverage the merchant database of the 25-year old information search and listings company as well as its pan India network, to further accelerate its own local commerce and payments play.

Reliance in talks to buy Justdial for $800-900 mn

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.

Flipkart s valuation crosses $37 6 bn after raising $3 6 bn in funding

Flipkart s valuation crosses $37 6 bn after raising $3 6 bn in funding
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