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Just Dial shares gain 2.5 per cent as Goldman Sachs buys 2.7 per cent stake

Goldman Sachs bought stake in Just Dial, valued around $48 million from US hedge fund, Tiger Global Management LLC, an early-stage investor in the company.

Indulal PM   Mumbai     Last Updated: March 31, 2015  | 12:43 IST
Just Dial shares gain as Goldman Sachs buys 2.7% stake
Just Dial shares gain as Goldman Sachs buys 2.7% stake (Photo: Reuters)

Just Dial shares jumped 2.5 per cent in early trade after Goldman Sachs bought 2.7 per cent stake in the company, according to National Stock Exchange data.

Goldman Sachs bought stake valued around $48 million from US hedge fund, Tiger Global Management, an early-stage investor in the company, the data showed.

At 12:18 am, Just Dial shares were trading at Rs 1,323.95 apiece on the Bombay Stock Exchange (BSE), up 4.25 points or 0.32 per cent.

On similar lines, the scrip was trading at Rs 1,321.70 on the National Stock Exchange (NSE), up 0.35 points or 0.03 per cent.    

(Reuters)

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