Info Edge rises as its arm to invest Rs 20 crore in Startup Investments
Info Edge (India) is currently trading at Rs. 4605.00, up by 38.25 points or 0.84% from its previous closing of Rs. 4566.75 on the BSE.
The scrip opened at Rs. 4570.00 and has touched a high and low of Rs. 4612.00 and Rs. 4568.50 respectively. So far 2079 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4765.90 on 17-Jul-2023 and a 52 week low of Rs. 3310.00 on 14-Mar-2023.
Last one week high and low of the scrip stood at Rs. 4709.60 and Rs. 4515.05 respectively. The current market cap of the company is Rs. 59455.70 crore.
The promoters holding in the company stood at 38.05%, while Institutions and Non-Institutions held 49.74% and 12.20% respectively.
Info Edge’s (India) wholly-owned subsidiary -- Naukri Internet Services (NISL) has agreed to invest an amount of Rs 20 crore in its fellow subsidiary - Startup Investments (Holding) (SIHL), wholly-owned subsidiary of the Company. SIHL is engaged in the business of being a holding and investment company. The present investment would help SIHL to explore investment opportunities.
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.
