Reliance dials 8888888888 to shop for Justdial

Even as the Future Group buyout remains caught in legal crosshairs with Amazon, Asia’s richest man Mukesh Ambani is making a move on his next strategic target.

Ambani’s telecom to petrochemicals conglomerate, is in advance negotiations to buy Just Dial (JD) from its founding promoters in a $800-$900 million transaction, said multiple sources aware. The transaction, once successful, will help, Reliance Retail leverage the merchant database of the 25-year old information search and listings company as well as its pan India network, to further accelerate its own local commerce and payments play.