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Info Edge gains on investing additional amount of Rs 17.30 crore in Canvera

31 Aug 2016 Evaluate

Info Edge (India) is currently trading at Rs. 844.10, up by 7.10 points or 0.85% from its previous closing of Rs. 837.00 on the BSE.

The scrip opened at Rs. 842.00 and has touched a high and low of Rs. 851.20 and Rs. 840.00 respectively.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 906.00 on 30-Nov-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. 858.50 and Rs. 830.55 respectively. The current market cap of the company is Rs. 10229.51 crore.

The promoters holding in the company stood at 43.09%, while institutions and non-institutions held 45.46 % and 11.45% respectively.

Info Edge (India) through its wholly-owned subsidiary has invested an amount of about Rs 17.30 crore by subscribing to optionally convertible cumulative redeemable preference shares of Canvera Digital Technologies (Canvera). This investment is part of a total fund raise of Rs 20 crore by Canvera with the balance Rs 2.70 crore having been contributed partly by existing investors as well as by new investors.

Accordingly, Info Edge’s total investment (at cost) would be Rs 107.40 crore (of which Rs 46.30 crore has been provisioned in December, 2015) and Info Edge’s holding in the company, on a fully converted and diluted basis, stands at about 57%.

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

1054.50 7.10 (0.68%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
eClerx Services 1631.05
Info Edge 1054.50
Firstsource Solution 239.25
Affle 3i 1468.10
Hinduja Global Soln. 426.90
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