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Dial a Deal: RIL to buy up to 67% stake in Justdial


Dial a Deal: RIL to buy up to 67% stake in Justdial
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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. ....

Cyril Amarchand Mangaldas , Shaleen Kumar , Isha Ambani , Shardul Amarchand Mangaldas , Jiomart Kirana , Vivekanand Subbaram , Morgan Stanley , Reliance Retail Ventures Limited , Goldman Sachs , Khaitan Co , Ernst Young , Bernstein Research , Reliance Retail , Just Dial , Retail Ventures Limited , Reliance Jio Platforms , New Commerce , Urban Company , Search Plus , Reliance Digital , Smart Kirana , சிரில் அமர்சந்த் மங்கல்தாஸ் , இஷா அம்பானி , ஷார்துள் அமர்சந்த் மங்கல்தாஸ் , மோர்கன் ஸ்டான்லி , நம்பகத்தன்மை சில்லறை முயற்சிகள் வரையறுக்கப்பட்டவை ,