Profit

General Atlantic in Talks to Buy Stakes in Just Dial, Info Edge: Report

 Share
EMAIL
PRINT
COMMENTS

Mumbai: US private equity firm General Atlantic is in talks to buy a 2 to 5 per cent stake each in India's Just Dial Ltd and Info Edge India Ltd, two sources with direct knowledge of the discussions said on Friday.

At current market prices, a 2 to 5 per cent stake in Just Dial, a search service provider, would be valued between $36.4 million and $90.9 million.

A similar stake in Info Edge, an online classifieds provider, would be $25.4 million to $63.7 million.

General Atlantic declined to comment.

Officials at Just Dial could not be immediately reached for comment.

An Info Edge spokeswoman offered no immediate comment.

As of 12:34 p.m., shares in Just Dial were trading at Rs 1,577.20 apiece on the BSE, up 0.39 per cent from the previous close. Info Edge stock, however, was trading down 0.11 at Rs 701.40.

Copyright @ Thomson Reuters 2014

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................

Top