India’s Just Dial IPO to raise up to $174m
Indian search engine Just Dial is on course to raise INR9.5 billion ($173.7 million) through its IPO later this month, allowing VC backers Sequoia Capital, SAIF Partners, Tiger Global, ECGS and SAP Ventures to make a partial exit.
Existing stakeholders will sell 17.49 million shares - or 25% of the company's enlarged share capital - at INR470-543 apiece. The VC investors plan to offload a larger stake than originally stated in...
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