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General Atlantic in talks to buy stakes in India's Just Dial, Info Edge - sources
July 18, 2014 / 6:15 AM / 3 years ago

General Atlantic in talks to buy stakes in India's Just Dial, Info Edge - sources

MUMBAI, July 18 (Reuters) - 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 comment.

An Info Edge spokewoman offered no immediate comment. (Reporting by Abhishek Vishnoi; Additional reporting by Indulal PM and Niveditta Bhattacharjee; Editing by Ryan Woo)

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