Reliance Retail to acquire 40.95% stake in Just Dial for Rs 3,497 crore
Reliance Retail to acquire 40.95% stake in Just Dial for Rs 3,497 crore
Reliance Retail Ventures Ltd has said it will acquire 40.95 per cent stake in Just Dial for Rs 3,497 crore. The investment is part of the telecom to petrochemicals conglomerate’s digital bet.
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UPDATED: July 17, 2021 07:23 IST
The retail arm of Reliance will make a public announcement for an open offer for acquiring up to 2.17 crore equity shares of Just Dial. (Photo: Reuters)
Reliance Retail Ventures Ltd (RRVL) on Friday said it will acquire 40.95 per cent stake in Just Dial for Rs 3,497 crore, bolstering its digital play in the rapidly growing online commerce market in India.
Reliance Retail acquires controlling stake in Just Dial for Rs 3,497 crore
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Reliance acquires 40 95 per cent stake in Just Dial for Rs 3,497 crore
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