Reliance Retail Ventures acquires controlling stake in Just Dial for Rs 3,497 Cr
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Reliance Retail Ventures Limited announced the acquisition of a controlling stake in Just Dial Limited for a total consideration of Rs 3,497 crores. As per the company's official release, RRVL will hold 40.95 per cent and would make a public announcement to the public shareholders of Just Dial to acquire up to 2.17 crore equity shares of Just Dial representing 26.00 per cent in accordance with SEBI Takeover Regulations.