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For Rs 3,497 Cr Reliance Retail getting controlling stake in Just Dial

Reliance Retail has made a Rs 3,497 crore offer to Just Dial to hold a controlling stake in the nearby data and business listings stage. This is Reliance Retail’s fourth acquisition — after Future Group, Netmeds, and UrbanLadder — in the last 12 months. It will hold 40.95 percent in Just Dial, and make an open offer to get up to 26 percent (generally 2.17 crore value shares) in accordance…
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