General Atlantic in talks to pick up 2-5% stake in Just Dial, Info Edge

At current market prices, a 2 to 5 percent stake in Just Dial, a search service provider, would be valued between $36.4 million and $90.9 million.<br />

FP Archives|Jul 18, 2014, 12:36:31 IST

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

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

[caption id="attachment_91209" align="alignleft" width="380"] Image courtesy: Moneycontrol[/caption]

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 spokewoman offered no immediate comment.

Reuters

Maha: Court orders Rs 30L compensation for parents after youth dies in road accident

The order came after the victim's parents Baldev Singh Gill and Manjit Kaur filed a plea demanding the compensation while claiming that the deceased was their only son and they were totally dependent on him for living

Ashleigh Barty comes from set down to beat Coco Gauff in Australian Open lead-up

Barty, playing her first singles match since the US Open in September, gave herself some perfect match practice ahead of the Australian Open with the bruising 4-6, 7-5, 6-1 win over the 17-year-old

FDI policy on e-commerce: Online firms cannot win the game by blaming govt but by finding a way around regulations

The reluctance of digital/technology companies to invest time and resources to navigate an uncertain regulatory landscape is more to be blamed than the FDI policy itself.

US Open 2021: World No 150 Emma Raducanu to face Maria Sakkari in semi-final

Raducanu, only the fourth qualifier to reach a Grand Slam semi-final, made the Swiss 11th seed the highest-rated victim of her young career in making history on the New York hardcourts.

Tokyo Olympics 2020: With seventh gold, Allyson Felix becomes most decorated American track and field Olympian

France handed the United States their first Olympic basketball defeat since 2004 in the group stage of the men's tournament but could not repeat the feat in the final, narrowly losing 87-82 in Saitama.

Up Next