Info Edge (India) inches up on investing Rs 100 crore in Allcheckdeals India
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Info Edge (India) is currently trading at Rs. 4276.85, up by 18.35 points or 0.43% from its previous closing of Rs. 4258.50 on the BSE.
The scrip opened at Rs. 4281.00 and has touched a high and low of Rs. 4322.90 and Rs. 4269.60 respectively. So far 5184 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7462.95 on 19-Oct-2021 and a 52 week low of Rs. 3314.00 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 4367.40 and Rs. 4142.00 respectively. The current market cap of the company is Rs. 55267.12 crore.
The promoters holding in the company stood at 38.11%, while Institutions and Non-Institutions held 49.09% and 12.79% respectively.
Info Edge (India) has invested an amount of Rs 100 crore in Allcheckdeals India (ACD), wholly owned subsidiary of the Company. The said investment is to further strengthen the ACD financially in order for it to pursue its strategy of developing services with the use of technology and innovative business models in the large sized and rapidly growing real estate vertical through organic or inorganic channels.
This would enhance value of the Company's investments on the one hand and on the other, it will boost synergies with the company’s operating business in the same vertical.
Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.
