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Monday, December 23, 2024 | 12:41 AM ISTEN Hindi

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Top headlines: Reliance Retail buys stake in Just Dial, DoT aid for telcos

Business Standard brings to you the top headlines on Saturday

Reliance Retail Director Isha Ambani
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Reliance Retail Director Isha Ambani said the investment underlines the group's commitment to new commerce

BS Web Team New Delhi
Reliance Retail buys controlling stake in Just Dial for Rs 5.7k crore

Sharpening its e-commerce play, Reliance Retail Ventures Ltd (RRVL) is acquiring a controlling stake in 25-year-old search engine platform Just Dial for Rs 5,719 crore. RRVL will acquire 25.33 per cent in Just Dial through a preferential allotment at Rs 1,022.25 per share and take another 15.62 per cent from its founder VSS Mani at Rs 1,020 per share. Read more

In a breather to telcos, DoT may lighten debt burden by relaxing timelines


The government has decided to initiate consultations on relief measures

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