General Atlantic in talks to buy stakes in Just Dial, Info Edge

Tags: Companies
US private equity firm General Atlantic is in talks to buy a 2 to 5% stake each in Just Dial Ltd and Info Edge India Ltd , two sources with direct knowledge of the discussions said on Friday.

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

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.

EDITORIAL OF THE DAY

  • A clean up of economy is an exercise that must have the widest-possible spread

    The noose appears to be tightening further on those that continue to dabble in black money or have made attempts to keep the tap open for black econom

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Sandeep Bamzai

Cut & Thrust: A DANGEROUS NEW GREAT GAME

Push the enemy into an unreal world, one where he ...

Ananda Majumdar

Pitfalls of handing a walkover

Congress workers in Lucknow are said to be behind posters, ...

Zehra Naqvi

Creativity springs from being open to experimentation

When Albert Einstein published his first revolutionary paper on the ...