Info Edge to raise Rs 750 crore through QIP route

21 Jul 2014

In a bid to enhance investment in its real estate portal 99acres .com, Info Edge (India) is all set to raise Rs 750 crore through issue of securities, by way of Qualified Institutional Placement (QIP).

The company, which owns Naukri .com, 99acres .com, Jeevansathi .com, reported a net profit of Rs 39.80 crore for the quarter ended June 30, 2014, up over 35 per cent from Rs 29.40 crore in the same quarter last year.Total income for the first quarter of fiscal 2014-15 was Rs 144.93 crore, up about 20 per cent, from Rs 120.76 crore in the corresponding quarter in the previous fiscal.

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