In today's trade, shares of Just Dial surged by as much as 20% against Thursday's close of Rs. 459 to trade at Rs. 549.85 on the BSE. This has come after leading business daily reported that the company is in talks with Google for its acquisition.
NSE seeks clarification on the media report from the local search engine provider and said, ""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".
It added to explain further "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."
Just Dial that started its operations as a local search engine provider has expanded its offerings in areas such as online shopping, ordering food, movie ticket booking etc.
At 12:06pm, the scrip pared most of its gains and was trading higher by 13.78% in comparison to yesterday's closing price of Rs. 459.