Dial a Deal: RIL to buy up to 67% stake in Justdial
SECTIONS
Share
Synopsis
Just Dial will also be making a preferential allotment to Reliance Retail at Rs 1022.25 share to infuse Rs 2164.88 crore into the company, or around 25.33 percent stake and capitalise its operations and take on competition.
Reliance Retail announced its second largest acquisition till date, buying a controlling 67% stake in
Just Dial for around $700 million or Rs 5222.8 crore on Friday, to double down on local commerce and payments foray, capitalising on the 30.4 million listings database of the home grown search provider that also made the country’s first super-app.
Reliance goes shopping again, discovers Just Dial, acquires controlling stake indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.