RBI increases FII limit in Info Edge to 50%

02 Sep 2015 Evaluate

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.

Info Edge Share Price

5497.35 24.10 (0.44%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Quess Corp 516.30
eClerx Services 2377.15
Info Edge 5497.35
CMS Info Systems 391.45
Affle (India) 1040.05
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.