Reliance Retail Ventures, a subsidiary of Reliance Industries, on Friday introduced the acquisition of 40.95 per cent stake in Just Dial for Rs 3,497 crore. RRVL will make an open provide to accumulate 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 way of the subsequent part of development, it added. The capital infused by RRVL will assist drive the expansion and growth of Just Dial right into a complete native itemizing and commerce platform.
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