 "General Atlantic in talks to pick up 2-5% stake in Just Dial, Info Edge")
Mumbai: U.S. private equity firm General Atlantic is in talks to buy a 2 to 5 percent stake each in India’s Just Dial Ltdand Info Edge India Ltd, two sources with direct knowledge of the discussions said on Friday.
At current market prices, a 2 to 5 percent stake in Just Dial, a search service provider, would be valued between $36.4 million and $90.9 million.
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A similar stake in Info Edge, an online classifieds provider, would be $25.4 million to $63.7 million.
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General Atlantic declined to comment.
Officials at Just Dial could not be immediately reached for comment.
An Info Edge spokewoman offered no immediate comment.
Reuters