Friday, 24 March, 2023

Reliance in talks to acquire Justdial for $ 900 mn

<p>Reliance Retail, as per reports, is in advanced talks with JustDial&#39;s promoters to acquire the firm for $800-$900 mn. The deal will let Reliance Retail take advantage of JD&#39;s 25-year-old merchant database and its network across the country. JD&#39;s stock has risen 52.4% in the last six months, reaching a 52-week high of Rs 1,138 on Wednesday. JD is visited by 50 mn users on a quarterly basis on mobile, apps, webs, and telephone 88888-88888 hotline.<br /> &nbsp;</p> <p><br /> <br /> <br /> <br /> &nbsp;</p>