MUMBAI, July 18 U.S. private equity firm General
Atlantic is in talks to buy a 2 to 5 percent stake each in
India's Just Dial Ltd and 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.
A similar stake in Info Edge, an online classifieds
provider, would be $25.4 million to $63.7 million.
General Atlantic declined to comment.
Officials at Just Dial could not be immediately reached for
An Info Edge spokewoman offered no immediate comment.
(Reporting by Abhishek Vishnoi; Additional reporting by Indulal
PM and Niveditta Bhattacharjee; Editing by Ryan Woo)