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
