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

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

New Delhi: US private equity firm General Atlantic is reported to be in talks to buy a 2-5 per cent stake each in India's Just Dial Ltd and Info Edge India Ltd, sources said. At current

general atlantic in talks to buy stakes in just dial info edge sources

India TV News Desk Published : Jul 18, 2014 17:58 IST Updated : Jul 18, 2014 18:05 IST

New Delhi: US private equity firm General Atlantic is reported to be in talks to buy a 2-5 per cent stake each in India's Just Dial Ltd and Info Edge India Ltd, sources said.

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.

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