Reliance Retail Ventures acquires 40.95% stake in Just Dial for ₹3,497 crore
The Hindu
Reliance will make an open offer to acquire additional up to 2.17 crore equity shares of Just Dial, representing 26% stake.
Reliance Retail Ventures, a subsidiary of Reliance Industries, on Friday announced the acquisition of 40.95% 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% stake, in accordance with Sebi Takeover Regulations, a regulatory filing said. V.S.S. Mani will continue as Managing Director and Chief Executive Officer of Just Dial through the next phase of growth, it added.
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