Info Edge rises on investing Rs 20 crore in Redstart Labs
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Info Edge (India) is currently trading at Rs. 3915.40, up by 10.15 points or 0.26% from its previous closing of Rs. 3905.25 on the BSE.
The scrip opened at Rs. 3905.25 and has touched a high and low of Rs. 3955.55 and Rs. 3889.90 respectively. So far 2318 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4624.35 on 26-Aug-2022 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. 3955.55 and Rs. 3762.25 respectively. The current market cap of the company is Rs. 50618.86 crore.
The promoters holding in the company stood at 38.05%, while Institutions and Non-Institutions held 49.15% and 12.79% respectively.
Info Edge (India) has invested an amount of Rs 20 crore in Redstart Labs (India), wholly owned subsidiary of the Company. Redstart is engaged in the business of providing all types of Internet services, development of software, consultancy, technical support for consumer companies, internet or SAAS providers, and any other services in the area of information technology and product development. This investment is to further strengthen Redstart financially enabling it 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.
