(Reuters) – U.S. private equity firm General Atlantic is in talks to buy a 2 to 5 percent stake each in India’s Just Dial Ltd and Info Edge India Ltd, two sources with direct knowledge of the discussions said on Friday.
At current market prices, a 2 to 5 percent stake in Just Dial, a search service provider, would be valued between $36.4 million and $90.9 million.
A similar stake in Info Edge, an online classifieds provider, would be $25.4 million to $63.7 million.
General Atlantic declined to comment.
Officials at Just Dial could not be immediately reached for comment.
An Info Edge spokewoman offered no immediate comment.Get your FREE trial or subscribe now to Buyouts to find new deal opportunities, super-charge your fundraising efforts and track top managers.