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

At current market prices, 2-5 pct stake in Just Dial, would be valued between $36.4 mn-$90.9 mn.

By: Reuters | Mumbai |
July 18, 2014 1:02:58 pm
A US private equity firm is in talks to buy a 2 to 5 percent stake in search service provider Just Dial. A US private equity firm is in talks to buy a 2 to 5 percent stake in search service provider Just Dial.

US private equity firm General Atlantic is in talks to buy a 2 to 5 percent stake each in India’s 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 per cent 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 spokeswoman offered no immediate comment.

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