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Info Edge (India) trims shareholding in Etechaces to 23%

29 May 2014 Evaluate

Info Edge (India)’s shareholding in Etechaces Marketing and Consulting (Etechaces) stands reduced to about 23%. Etechaces is a company which owns and operates the site www.policybazaar.com.

The company initially owned about 32% in Etechaces. Etechaces had undertaken ESOP dilution of about 10% and raised funding of about Rs 119 crore, consequent to which the company’s shareholding in Etechaces stands reduced to about 23%. The company has not participated in this round of fund raising by Etechaces.

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. The company has a network of 67 offices spread across in 41 cities in India.

Info Edge Share Price

1054.50 7.10 (0.68%)
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Company Name CMP
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