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Info Edge soars on making additional investment of Rs 155 crore in Zomato Media

13 Apr 2015

Info Edge (India) is currently trading at Rs. 826.00, up by 23.90 points or 2.98% from its previous closing of Rs. 802.10 on the BSE.

The scrip opened at Rs. 805.00 and has touched a high and low of Rs. 831.00 and Rs. 805.00 respectively. So far 3247 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. 519.00 on 16-May-2014.

Last one week high and low of the scrip stood at Rs. 851.30 and Rs. 797.00 respectively. The current market cap of the company is Rs. 9917.83 crore.

The promoters holding in the company stood at 44.36%, while Institutions and Non-Institutions held 40.81% and 14.83% respectively.

Info Edge (India) through its wholly owned subsidiary, has invested an amount of about Rs 155 crore in Zomato Media, being Info Edge’s proportionate share of Zomato’s recent fund raise of $50 million. Zomato Media (Zomato) owns and operates the restaurant search app and website by the name of Zomato.

Upon completion of the allotment of shares against the said investment, aggregate amount of investment in Zomato will be about Rs 484 crore. Info Edge along with its wholly owned subsidiary will continue to hold, on a fully converted and diluted basis, 50.1% of Zomato.

Info Edge (India) owns one of the leading job portals The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.


Related Info Edge (India) Ltd. Links:

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SEBI Registered: Investment Adviser - INA000013323