Info Edge gains on investing additional amount of Rs 6 crore in GLCS

07 Sep 2016

Info Edge (India) is currently trading at Rs. 840.00, up by 1.40 points or 0.17% from its previous closing of Rs. 838.60 on the BSE.

The scrip opened at Rs. 845.00 and has touched a high and low of Rs. 848.75 and Rs. 827.00 respectively. So far 3,057 shares were traded on the counter.

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. 848.75 and Rs. 820.00 respectively. The current market cap of the company is Rs. 10,156.00 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 additional amount of about Rs 6 crore in Green Leaves Consumer Services (Bigstylist), which runs an on-demand marketplace for beauty professionals under the name & style of www.bigstylist.com.

Accordingly, the company’s total investment in Bigstylist would be Rs 12.4 crore for an aggregate stake of about 39% (the percentage shareholding may change subject to certain conditions) 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:

Info Edge Share Price

2627.95 18.00 (0.69%) Nov 15, 15:03
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Peers
Company Name CMP
Hinduja Global Soln. 612.00
Vakrangee 38.75
eClerx Services 435.40
Info Edge 2627.95
Firstsource Solution 41.10
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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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