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Info Edge gains as its arm acquires ‘UrbanSpoon’ for $52 million

13 Jan 2015 Evaluate

Info Edge (India) is currently trading at Rs. 865.10, up by 11.00 points or 1.29% from its previous closing of Rs. 854.10 on the BSE.

The scrip opened at Rs. 859.90 and has touched a high and low of Rs. 882.05 and Rs. 858.00 respectively. So far 4,811 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1014.70 on 19-Nov-2014 and a 52 week low of Rs. 469.95 on 30-Jan-2014.

Last one week high and low of the scrip stood at Rs. 882.05 and Rs. 834.70 respectively. The current market cap of the company is Rs. 10,399.00 crore.

The promoters holding in the company stood at 44.47% while Institutions and Non-Institutions held 44.80% and 10.72% respectively.

Info Edge (India)’s arm - Zomato Media has acquired www.urbanspoon.com, one of the leading restaurant information websites operating in the United States of America, Australia and Canada in an all cash transaction amounting to $52 million.

Last year in November, Info Edge (India) through its wholly owned subsidiary, has invested an amount of about Rs 185 crore in Zomato. Upon completion of the allotment/transfer of shares against the said investment, aggregate amount of investment in Zomato will be about Rs 327 crore. Info Edge will hold 55.13% of the equity share capital of Zomato. The overall holding on a fully converted and diluted basis will remain at 50.1%.

Zomato Media owns and operates an online food guide portal www.zomato.com.

Info Edge Share Price

1054.50 7.10 (0.68%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1631.05
Info Edge 1054.50
Firstsource Solution 239.25
Affle 3i 1468.10
Hinduja Global Soln. 426.90
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