Info Edge moves up on investing an additional amount of Rs 5 crore in Happily Unmarried Marketing

07 Jul 2016

Info Edge (India) is currently trading at Rs. 852.70, up by 1.90 points or 0.22% from its previous closing of Rs. 850.80 on the BSE.

The scrip opened at Rs. 854.90 and has touched a high and low of Rs. 865.00 and Rs. 832.00 respectively. So far 2803 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 935.00 on 23-Jul-2015 and a 52 week low of Rs. 690.00 on 01-Mar-2016.

Last one week high and low of the scrip stood at Rs. 860.00 and Rs. 796.60 respectively. The current market cap of the company is Rs. 10320.80 crore.

The promoters holding in the company stood at 43.11%, while Institutions and Non-Institutions held 45.30% and 11.41% respectively. 

Info Edge (India) through its wholly-owned subsidiary, has invested an additional amount of Rs 5.00 crore through optionally convertible cumulative redeemable preference shares in Happily Unmarried Marketing, which is engaged in the business of sale of creative products and a grooming range for men, Ustraa. It owns and operates the site www.happilyunmarried.com.

Accordingly, the aggregate investment, including the above, is now Rs 21.30 crore in Happily Unmarried which translates to about 48% stake, as on date which may change on account of conditions in investment/shareholder agreement in the company on a fully converted and diluted basis.

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.

 

Related Info Edge (India) Ltd. Links:

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