Reliance-Just Dial deal: RRVL to acquire MAJORITY 66.95 per cent stake in Just Dial

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

Reliance-Just Dial deal: RRVL to acquire MAJORITY 66.95 per cent stake in Just Dial
The capital infused by RRVL will help drive the growth and expansion of Just Dial into a comprehensive local listing and commerce platform. Source: PTI
Reported By: PTI
Written By: ZeeBiz WebTeam
Updated: Sat, Jul 17, 2021
09:28 am
Patna, ZeeBiz WebDesk
RELATED NEWS
Reliance JioPhone Rs 75 recharge plan: Check THIS cheapest plan from Jio - Benefits & validity Reliance JioPhone Rs 75 recharge plan: Check THIS cheapest plan from Jio - Benefits & validity
Reliance JioPhone Next Launch POSTPONED: JioPhone Next rollout to commence before Diwali - Check Why Reliance JioPhone Next Launch POSTPONED: JioPhone Next rollout to commence before Diwali - Check Why
Reliance JioPhone Next Launch Tomorrow: From Expected PRICE to Specs - What we know so far Reliance JioPhone Next Launch Tomorrow: From Expected PRICE to Specs - What we know so far

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.

See Zee Business Live TV Streaming Below:

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. 

Just Dial shares ended the Friday on NSE on Rs 1,070.00, down Rs 37.05 ( or 3.35%). The news about the deal came after the markets were closed.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.