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

Written by Reuters | Mumbai | Updated: Jul 18 2014, 18:13pm hrs
Just DialA 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.