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Tag: Nalanda Capital

Nalanda Capital Acquired More Stakes in Just Dial For Around $18M
ACQUISITION

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.   ALSO READ: Big Startups Are Ready to Big Startups Are Ready to Enter Into the Indian Share Market 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...