Just Dial's existing shareholder, venture capital firm SAIF Partners, will sell its stake to the undisclosed corporation, according to news provider Business Standard.

Just Dial, an India-based search firm, is in talks with a Malaysia-based conglomerate about a minority share sale.

Just Dial’s existing shareholder, venture capital firm SAIF Partners, will sell its stake to the undisclosed corporation, according to news provider Business standard.

Just Dial raised its first round of venture capital funding of R50 crore from SAIF Partners in 2006, which was later followed by a R77 crore by US-based hedge fund Tiger Global in 2007. Bankers told Business Standard that…