Reliance Retail gets controlling stake in Simply Dial for $469 million

by RJ Shara | Jul 16, 2021 | Fundings and Exit

Reliance Retail stated on Friday it has gotten a controlling stake in 25-year-old Indian search and discovery company Just Dial for$469 million. The Indian retail giant, which leads the marketplace, stated it has acquired 41%stake in publicly noted Just Dial for$469 million and will make an open deal to acquire an extra […]
The Indian retail giant, which leads the market, stated it has acquired 41% stake in publicly listed Simply Dial for $469 million and will make an open deal to obtain an additional 26% stake later on. Simply Dial offers regional search and e-commerce services through its website, mobile apps and telephone line. Screengrab of Simply Dial website. …