Sequoia sells Just Dial shares for Rs 135 crore

By: | Published: September 6, 2017 6:06 PM

Venture capital firm Sequoia has sold nearly 36 lakh shares of local search engine Just Dial for a little over Rs 135 crore through open market transactions.

Venture capital firm, Sequoia, venture capital, buyback shares, just dial shares, justdial company, market newsVenture capital firm Sequoia has sold nearly 36 lakh shares of local search engine Just Dial for a little over Rs 135 crore through open market transactions. (Website screenshot)

Venture capital firm Sequoia has sold nearly 36 lakh shares of local search engine Just Dial for a little over Rs 135 crore through open market transactions. According to bulk deal data available with the NSE on September 5, the venture capital firm offloaded 35.98 lakh shares, or 5.17 per cent stake, in Just Dial. While Sequoia Capital India Growth Investment Holdings I sold 14.94 lakh shares, SCI Growth Investments II and Sequoia Capital India Investments III disposed of 13.93 lakh and 7.11 lakh, respectively.

The shares were offloaded in the range of Rs 375.27- 375.55 per scrip, valuing the transaction at Rs 135.09 crore, according to the data. Among the buyers of the shares of the local search engine was HDFC Mutual Fund, which purchased 32.06 lakh scrips.

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