Sequoia Capital India Investments III, SCI Growth Investments II and Sequoia Capital India Growth Investment Holdings I, which held 4.10% stake, sold 6.36 lakh shares representing 0.94% of stake in Just Dial. Post share sale, Sequoia Capital's stake in Just Dial remains 3.16%.
The shares were offloaded on November 20. Based on the weighted average price of Rs 558.8 of the stock on the sale day, the transaction is estimated at Rs 35.55 crore.
Just Dial is one of the leading local search engines in India. It provides users search services with information and user reviews from its database of local businesses, products and services across India.
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