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Just Dial Deal: Mukesh Ambani’s Reliance Retail To Acquire Majority Stake In Just Dial

americanpeoplenews.com
 2021-07-16

Cover picture for the articleReliance Industries Ltd.’s retail unit agreed to buy majority stake in local search and listings firm Just Dial Ltd. for Rs 5,719 crore. Reliance Retail Ventures Ltd. will acquire 25.35% via preferential allotment of 2.11 crore shares at Rs 1,022.25 apiece, totalling Rs 2,164.9 crore, according to an exchange filing. The preferential issue will be at a 4.9% discount to Friday’s closing price of Rs 1,073 apiece.

americanpeoplenews.com

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