Internet Gaint Google, acquired the Just Dial, an Indian search engine and the deal works out as the shares of Just Dial jumped about 20%. A few months ago two companies were in exclusively talks as the Alphabet Subsidiary acquired Bangalore based artificially firm, Halli labs and now the Google is in talks to with the local search engine provider to acquire its business. With the acquisition of Mumbai based firm Just Dial, the Google will get an access to the database of over Rs 20 million. Just Dial Company is now trading at Rs 526.15, up by 14.63 % from its previous closing of Rs 459 on the BSE. The scrip opened at Rs 504.9 and has touched a high of Rs 549.85 and low of Rs 504.25.
The Stoke Exchange said, “With respect to the recent news item captioned ‘Google, Just Dial in deal talks’. In this regard, Exchange has advised the Company to provide clarification or the confirmation on the news item in detail.”
The stock exchange also asked to explain the company as, “Whether these negotiations were taking place which is in talks and whether the company is aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading.”