Tiger Global Management sells 3.4% stake in Justdial for INR 300 crores

Justdial_logoAccording to the NSE bulk deal data, the Tiger Global Management sold 3.4% stake in Justdial for INR 300 crores, cutting down it’s holding to about 9%. During 2007 and 2009, in two tranches, Tiger had invested about Rs 110 crore in Justdial.
In 2013, during Justdial’s initial public offering, the Tiger Global Management had made a partial exit worth INR 241 crores.
Recently, the other capital investors of Justdial have also made partial exits making approximately 30 times returns on investment.

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