Nalanda Capital Acquired More Stakes in Just Dial For Around $18M
Nalanda Capital, a Singapore-based public market-focused private equity style investment firm has increased its stakeholding in Mumbai-based Just Dial Ltd.
Nalanda Capital has acquired 2.04 percent stake in the company for an estimated Rs 115-120 crore ($18 million) last week. it had also acquired some shares last month.
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In December 2015, Sequoia Capital reduced its shares in the company selling another chunk of its stake in the company. This is its third part-exit. Tiger Global and SAIF Partners had also trimmed its holding part in the company.
About Justdial-
Founded by VSS Mani in 1994, Just Dial is a local search firm that provides both B2C and B2B li...