 "Tiger Global exits Just Dial; sells stakes for over Rs 430 crore")
According to a BSE filing, Tiger Global Four JD Holdings and Tiger Global Five Indian Holdings sold 37.89 lakh shares, representing 5.37 per cent of Just Dial.
The shares were offloaded on May 19 based on the closing price of Rs 1,138.65 and the transaction is estimated to have been valued at Rs 431.49 crore.
Also Read
On March 30, Tiger Global had offloaded 3.41 per cent in Just Dial for over Rs 300 crore through an open market transaction.
According to BSE data, as on quarter ended March 31, 2015, Tiger Global Four JD Holdings and Tiger Global Five Indian Holdings held 6.96 per cent and 4.32 per cent stake, respectively, in Just Dial.
Founded by V S S Mani, the company started offering local search services in 1996 under the Just Dial brand.
The stock was trading at Rs 1,127 in the morning trade, down 1.02 per cent from its previous close on BSE.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
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%