Shares of Just Dial jumped to a six-month high after a media report said US internet giant Google is in talks with the Mumbai-based company to acquire its business.
The two companies reportedly entered into exclusive talks two months ago.
With the acquisition of Just Dial, Google will have a database of over Rs 20 million pan-India listings, the report said.
Just Dial Ltd is currently trading at Rs 526.15, up by Rs 67.15 or 14.63% from its previous closing of Rs 459 on the BSE. The scrip opened at Rs 504.9 and has touched a high and low of Rs 549.85 and Rs 504.25 respectively.
Just Dial is engaged in providing search services in India. The company offers search services across multiple platforms, such as the internet, mobile internet, telephone (voice) and text (SMS). Around 188 crore businesses were listed on its portal as on Q1FY18.
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