Just Dial (JDL), the developer of a comprehensive local search engine, announced that the company received a letter from the Government of Karnataka allotting 15 acres of land to the company, on a leasehold basis for a period of 99 years, to establish an IT/ITES - BPO and Software Development Centre ('IT Park') at Devanahalli Industrial Area in Bangalore. The allotment of land to the company is subject to various terms and conditions, including those related to payment of consideration and achievement of construction and other milestones for setting up the IT Park.

The company is currently evaluating the letter and is in the process of placing the proposal before the board of directors for consideration and approval.

Shares of the company gained Rs 27.05, or 1.68%, to trade at Rs 1,634.55. The total volume of shares traded was 5,027 at the BSE (10.23 a.m., Tuesday).