News > Reliance Retail acquires controlling stake in Just Dial for Rs 3,497 crore

Reliance Retail acquires controlling stake in Just Dial for Rs 3,497 crore

Business Standard | 17/07/2021 01:23 PM | Click to read full article

Sharpening its e-commerce play, Reliance Retail Ventures Ltd (RRVL) is acquiring a controlling stake in 25-year-old search engine platform Just Dial for Rs 5,719 crore.

RRVL will acquire 25.33 per cent in Just Dial through a preferential allotment at Rs 1,022.25 per share and take another 15.62 per cent from its founder VSS Mani at Rs 1,020 per share.