Reliance Retail today announced that it will acquire a controlling stake in Just Dial, India’s leading local search engine platform, for a total consideration of Rs. 3,497 crores. Reliance Retail will hold 40.95% and would make an open offer to acquire up to 26% in accordance with SEBI. VSS Mani will continue as Managing Director and Chief Executive Officer to lead Just Dial through the next phase of growth. Continue reading “Reliance Retail acquires controlling stake in Just Dial for Rs. 3497 crores”