Info Edge zooms as RBI raises foreign investment limit

02 Sep 2015

Info Edge (India) is currently trading at Rs 772.00, up by 26.15 points or 3.51% from its previous closing of Rs 745.85 on the BSE.

The scrip opened at Rs. 809.50 and has touched a high and low of Rs 809.50 and Rs. 760.85 respectively. So far 14592 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. 700.00 on 13-May-2015.

Last one week high and low of the scrip stood at Rs. 815.00 and Rs. 719.00 respectively. The current market cap of the company is Rs. 9296.13 crore.

The promoters holding in the company stood at 43.73% while Institutions and Non-Institutions held 38.86% and 17.42% respectively.

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 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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