Local search engine Just Dial plans to raise Rs 360 crore through an initial share sale, probably valuing the company more than 10 times its last fiscal revenue. About 10.6 million shares will be sold by existing owners, said the document, without mentioning the specifics. In the year ended March 2011, Just Dial posted a net profit of Rs 29 crore on total revenue of Rs 189 crore, the offer document shows.
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