01-01-1970 12:00 AM | Source: Accord Fintech
Info Edge surges on investing Rs 15 crore in Smartweb Internet Services
News By Tags | #1462 #2330 #572

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Info Edge (India) is currently trading at Rs. 4145.00, up by 16.10 points or 0.39% from its previous closing of Rs. 4128.90 on the BSE.

The scrip opened at Rs. 4213.00 and has touched a high and low of Rs. 4213.00 and Rs. 4126.00 respectively. So far 12285 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. 4213.00 and Rs. 3775.70 respectively. The current market cap of the company is Rs. 53528.41 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 15 crore in Smartweb Internet Services, wholly owned subsidiary of the Company. The present investment would allow its mentioned wholly owned subsidiary to meet its working capital requirement and further strengthen it financially. The company has agreed to acquire 1,500,000-0.0001% Compulsorily Convertible Debentures (CCDs) having face value of Rs 100 each, convertible within a period not exceeding 10 years, at any time from the date of allotment on agreed terms and conditions.

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.