 "Just Dial surges 20% on talks of takeover by Google")
Just Dial surged 20% to Rs 551 on the National Stock Exchange (NSE) in early morning trade after the media report suggested that the US internet giant Google, a subsidiary of parent Alphabet, is in talks with the company to acquire its business.
Google has been talking to Just Dial for an acquisition for some time. Both the companies entered into exclusive talks about two months ago, the Business Standard reported quoting an investment banker familiar with the discussions.
It may take some more time before the discussions are finalized, added report. CLICK HERE TO READ FULL REPORT.
At 09:19 AM; the stock was trading 11% higher at Rs 511 on the NSE, as compared to a 0.16% decline in the Nifty 50 index. A combined 2.44 million shares changed hands on the counter on the NSE and BSE so far.
Google has been talking to Just Dial for an acquisition for some time. Both the companies entered into exclusive talks about two months ago, the Business Standard reported quoting an investment banker familiar with the discussions.
It may take some more time before the discussions are finalized, added report. CLICK HERE TO READ FULL REPORT.
At 09:19 AM; the stock was trading 11% higher at Rs 511 on the NSE, as compared to a 0.16% decline in the Nifty 50 index. A combined 2.44 million shares changed hands on the counter on the NSE and BSE so far.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%