comscore Tiger Global sells 2.1percent stake in Just Dial for Rs 161crore
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Tiger Global sells 2.1percent stake in Just Dial for Rs 161crore

Private equity giant Tiger Global yesterday offloaded 2.1 percent stake in local search engine Just Dial for a little over Rs 161 crore through an open market transaction. According to bulk deal da

  • Updated: May 12, 2015 11:19 AM IST
just dial vss mani

Private equity giant Tiger Global yesterday offloaded 2.1 percent stake in local search engine Just Dial for a little over Rs 161 crore through an open market transaction. Also Read - Flipkart board approves Walmart's offer to acquire 75 percent of the e-commerce startup

According to bulk deal data available with the stock exchanges, Tiger Global sold a total of 14.82 lakh shares, amounting to 2.1 percent stake of Just Dial. The shares were offloaded on an average price of about Rs 1,088 apiece valuing the transaction at Rs 161.24 crore, the data showed. Meanwhile, another private equity firm Goldman Sachs has picked up 9,75,607 shares of Just Dial for Rs 106.11 crore. Also Read - Amazon has made a formal bid to buy a 60 percent stake in Flipkart: Reports

Tiger Global held 11.28 percent stake in the local search engine company at the end of March 31, 2015. Founded by V S S Mani, the company started offering local search services in 1996 under the Just Dial brand. Shares of the company closed at Rs 1,086.35 apiece on the BSE today, down 3.09 percent from the previous close. Also Read - Razorpay raises $20 million from Tiger Global, others

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  • Published Date: May 12, 2015 11:16 AM IST
  • Updated Date: May 12, 2015 11:19 AM IST



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