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Just Dial Ltd's surged as much as 20 per cent to Rs 551 on the NSE, their biggest intraday percentage gain since February 2016, as a media report said that Google is in talks with the company to acquire its business.
US internet giant Google has been talking to Just Dial for an acquisition for some time. Both the companies had entered into exclusive talks about two months ago, the report said quoting an investment banker familiar with the discussions.
“It may take some more time before the discussions are finalised,” he added.
Buying Just Dial will give Google, owned by Alphabet Inc, a database of 20 million pan-Indian listings, the report said.
E-mail queries to both companies were not immediately answered.
(The article has been corrected for a factual error.)
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