Reliance acquires 40.95% stake in Just Dial for Rs 3,497 crore

Team Udayavani, Jul 17, 2021, 11:04 AM IST

New Delhi: Reliance Retail Ventures, a subsidiary of Reliance Industries, on Friday announced the acquisition of 40.95 per cent stake in Just Dial for Rs 3,497 crore.

RRVL will make an open offer to acquire additional up to 2.17 crore equity shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory filing said.

VSS Mani will continue as Managing Director and Chief Executive Officer of Just Dial through the next phase of growth, it added.

The capital infused by RRVL will help drive the growth and expansion of Just Dial into a comprehensive local listing and commerce platform.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Shivakumar desperately wants to become CM, says K’taka BJP chief Vijayendra

M’luru: Hotelier approaches consumer court after car filled with diesel instead of petrol

CET 2024: At least 45 questions out of syllabus, claim students

‘Out of control’ lorry hits several vehicles, shops after ‘brake failure’ at Yedapadavu

RCB helps restore three Bengaluru lakes; chips in to solve water crisis

Elderly tourist from Bengaluru goes missing in Goa

Bengaluru’s Shift to Smarter Spending: Pre-Owned Car Sales Jump 87 percent

Related Articles More

Stock markets stage strong rebound after 4 days of slump, Sensex rallies 599 pts

PHF Leasing Limited raises $10 Mn through a mix of equity and debt

CCPA asks FSSAI to probe claim of Nestle adding sugar to baby products

Markets tank in early trade as Middle East tensions flare-up

Tesla shares tumble below $150 per share, giving up all gains made over the past year

MUST WATCH

Grafting Jack Anil

Heat Illness

Dwarakish death at 81

H. D. Deve Gowda

Aura Cake shop in udupi


Latest Additions

Injuries don’t define you: Mohammed Shami shares rehab update

Shivakumar desperately wants to become CM, says K’taka BJP chief Vijayendra

Scribe throws lapel microphone towards Sharad Pawar in Baramati; cops give clean chit

India delivers first batch of BrahMos missiles to Philippines

Air India cancels Dubai flights due to operational disruptions

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.