Mukesh Ambani calls 8888888888… Final talks ..!
Mukesh Ambani, India’s richest man, and businessman continue to expand his business and acquire a number of companies. Amazon, which had already invested in Future Group, received a restraining order on the Future Group-Reliance retail deal, following an agreement to acquire Future Group a few months ago to boost its retail business. Mukesh Ambani, who was reluctant to take over the company after the issue, has now called 8888888888.
Justice Company
JustDial, India’s largest local church and seller database search company, is reportedly in talks with Tata, Reliance, Softbank, and many more to sell its company in a few weeks. Reliance Industries
While Tata has already tried to capture Justdial, it is now widely expected to compete for the takeover. But now Mukesh Ambani’s Reliance Industries seems to be in first place in the competition. Mukesh Ambani The retail arm of Mukesh Ambani-led Reliance Industries Group is in the final stages of negotiating to acquire Just Dial for $ 800 to $ 900 million to expand its retail business.
Judicial Executive Meeting
Meanwhile, Just dial has convened an executive meeting on July 16. The meeting is likely to be convened to discuss and decide on the new investment.
15 crore customers
While Reliance is India’s largest retail company, Just dial is the top company in the local search engine segment. The acquisition of JustDial, which has about 15 crore customers, is the biggest jackpot for Reliance. It is planned to acquire 60% of shares of Justdial, which is providing hotline help numbers 888888888 on the mobile app, internet.
TATA in competition
Tata, India’s largest trading conglomerate, has decided to enter the country’s fast-growing eCommerce and digital business. As part of this, Tata Group is actively working to bring all its retail businesses to the online sales platform. At the same time, the Tata Group is capturing leading companies in the market to bring non-business to its super app and to introduce a new business segment. It is through this that BigBasket is working to acquire 1MG. It has been reported that the Tata Group is currently in talks to acquire Just Dial, a local Discovery platform.
Tata’s Action Tata, which plans to compete with Geomart, Amazon, and Flipkart in the Indian online retail market, is in the process of developing a super app to bring all retail and digital services in one place, such as shopping and financial services.
JD Mart – New Business Just Dial has decided not to be just a local Discovery platform, but a few days ago launched a new B2B trading platform called JD Mart. Tata Group is in talks to acquire Just Dial as it wants to acquire the new business expansion. Negotiations between the two companies are only at an early stage so the negotiations are likely to move to the next stage and at the same time fail. News of the Tata Group’s plan came as a shock to investors.
Shares of Just Dial, which traded at just Rs 874 yesterday, rose to Rs 1,014 today on the back of continuous trading growth. And Just Dial’s investors are happy that the stock is on a continuous growth trajectory this morning.
