RBI increases FII limit in Info Edge to 50%

02 Sep 2015

Reserve Bank of India (RBI) has increased foreign institutional investors' (FIIs) investment limit in Info Edge (India) to 50% of its paid-up capital. RBI has notified that FIIs/Registered Foreign Portfolios Investors (RFPIs) can now invest up to 50% (revised from earlier limit of 40%) of the paid up capital of Info Edge (India) under the Portfolio Investment Scheme (PIS). The company has passed resolutions at its Board of Directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.

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.

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Info Edge Share Price

4944.40 -41.65 (-0.84%) Mar 05, 18:59
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Peers
Company Name CMP
Hinduja Global Soln. 1175.15
eClerx Services 991.70
Info Edge 4944.40
Firstsource Solution 105.30
Vakrangee 53.00
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Sensex vs Info Edge
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

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