Reliance is in talks to buy Justdial for $800-900 Mn

Reliance is in talks to buy Justdial for $800-900 Mn

Expects the formal announcement on July 16

Justdial is the market leader in local search engine scenario

It has 150 Mn average quarterly unique visitors

It operates across the mobile, website, and telephone hotline 8888888888

Justdial Managing Director VSS Mani and family control 35.5% of the company, valued at Rs 2387.9 Cr

Reliance would buy partially from Mani and arrange an open offer for the additional 26% of the equity

The deal will let Reliance access Justdial’s merchant base