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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 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 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 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. advertisement 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

Reliance Retail acquires controlling stake in Just Dial for Rs 3,497 crore
adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.

Reliance acquires 40 95 per cent stake in Just Dial for Rs 3,497 crore

Reliance acquires 40 95 per cent stake in Just Dial for Rs 3,497 crore
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Reliance goes shopping again, discovers Just Dial, acquires controlling stake

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.

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