Reliance Retail Ventures announced the acquisition of 40.95 per cent stake in Just Dial for Rs 3,497 crore.
RRVL will make an open supply to amass extra as much as 2.17 crore fairness shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory submitting stated.
- PTI New Delhi
- Last Updated:July 16, 2021, 20:50 IST
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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 supply to amass extra as much as 2.17 crore fairness shares of Just Dial, representing 26 per cent stake, in accordance with Sebi Takeover Regulations, a regulatory submitting stated.
VSS Mani will proceed as Managing Director and Chief Executive Officer of Just Dial by the subsequent part of progress, it added. The capital infused by RRVL will assist drive the progress and enlargement of Just Dial right into a complete native itemizing and commerce platform.
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