Info Edge trades in green on investing Rs 3.5 crore in Wishbook Infoservices

27 Jul 2017 Evaluate

Info Edge (India) is currently trading at Rs. 985.00, up by 1.25 points or 0.13% from its previous closing of Rs. 983.75 on the BSE.

The scrip opened at Rs. 990.10 and has touched a high and low of Rs. 996.05 and Rs. 985.00 respectively. So far 109 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1126.70 on 07-Jun-2017 and a 52 week low of Rs. 752.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1029.95 and Rs. 978.20 respectively. The current market cap of the company is Rs. 11954.57 crore.

The promoters holding in the company stood at 41.99%, while Institutions and Non-Institutions held 46.87% and 11.14% respectively.

Info Edge (India) has invested approximately Rs 3.5 crore in Wishbook Infoservices through its wholly-owned subsidiary (WOS). The shareholders agreement/investment agreement has been signed on July 25, 2017. As part of company’s strategic investments, the acquisition would help the company to diversify its presence into a new line of business within the Internet Services Industry.

Wishbook was incorporated on April 30, 2016. It runs a business which offers ‘Wishbook Catalog App’, allowing catalog distribution from manufacturers to distributors to wholesalers to retailers and allowing the salespersons to show catalogs & take orders.

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
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