Just Dial shares jumped to Rs. 549.85, 19.79% higher than the previous session's closing of Rs. 459 on BSE a day after Business Standard reported that Google is in talks to acquire Just Dial. The stock was, however, still far lower than its 52-week of Rs. 619 that it achieved on March 17 this year. NSE, early morning, sought clarification from Just Dial on the said media report.
"With respect to recent news item captioned 'Google, Just Dial in deal talks'. In this regard, Exchange have advised the Company to provide clarification/confirmation on the news item in detail," stock exchange said.
The stock exchange further asked to explain as to "Whether such negotiations were taking place and b) whether you/company are aware of any information that has not been announced to the Exchanges which could explain the aforesaid movement in the trading."
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