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Info Edge (India) is currently trading at Rs. 4255.00, up by 26.25 points or 0.62% from its previous closing of Rs. 4228.75 on the BSE.

The scrip opened at Rs. 4258.20 and has touched a high and low of Rs. 4307.90 and Rs. 4255.00 respectively. So far 2263 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 4984.10 on 07-Aug-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. 4307.90 and Rs. 4052.65 respectively. The current market cap of the company is Rs. 55260.60 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 -- Redstart Labs (India) is all set to invest about $4,00,000 in Ray IOT Solutions Inc. at the applicable exchange rate. Redstart has agreed to acquire 11,22,019 Series Seed A-5 Preferred Stock. The aggregate shareholding of the Company through Redstart, post this investment, in the said entity would be 12.6% on a fully converted & diluted basis. Redstart Labs (India) has in its meeting of the Board of Directors held on October 11, 2023 agreed to make investment.

This follow on investment by the Company through Redstart is in furtherance of Company’s investment strategy, which includes making external financial investments that are focused on value creation in the medium to long term. Ray IOT is engaged in the healthcare sector and develops a non-contact breathing and sleep tracker for babies. 

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.