Reliance goes shopping again, discovers Just Dial, buys it for Rs 3,497 crore

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. Justdial is the market leader in local search engine segment with nearly 150 million average quarterly unique visitors across multiple platforms like mobile, apps, website and 8888888888 telephone hotline.

from Tech-Economic Times https://ift.tt/3kqpxDx