Tiger Global sells 2.1% stake in Just Dial for Rs 161-cr

Image
Press Trust of India Mumbai
Last Updated : May 11 2015 | 7:48 PM IST
Private equity giant Tiger Global today offloaded 2.1 per cent stake in local search engine Just Dial for a little over Rs 161 crore through an open market transaction.
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.
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 per cent from the previous close.
*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

More From This Section

First Published: May 11 2015 | 7:48 PM IST

Next Story