Reliance Retail Acquires Just Dial

With 40.95% preferential shares and 26% open offer, Reliance aims to acquire about  41% to 67% of Just Dial.

What Does This Mean?

The local search engine will be maintained as a separate entity. The prolific founder VSS Mani continues as its CEO.

How Will This Acquisition Impact Jio App and Jio Mart?

Access to Just Dial’s database of merchant listings/retailers and the potential to scale up the JD app and JD Mart Platforms will lead to expansion of the scope of services and offerings across B2B and B2C

Latest Portfolio Allocation With Reliance

As per the latest portfolio, 219 out of 427 equity-oriented funds have exposure to Reliance which makes a 51% of the universe. The top 10 holdings of most of the funds include Reliance Industries

How Will This Impact Your Wealth?

Successful integration of the two entities will lead to an increase in shareholder value and will have a positive impact on investors’ wealth.

Manage your Wealth

Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.