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Info Edge surges on investing Rs 2.64 crore in Medcords Healthcare Solutions

23 Aug 2018 Evaluate

Info Edge (India) is currently trading at Rs. 1550.00, up by 34.55 points or 2.28% from its previous closing of Rs. 1515.45 on the BSE.

The scrip opened at Rs. 1520.00 and has touched a high and low of Rs. 1555.95 and Rs. 1520.00 respectively. So far 2438 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1,555.95 on 23-Aug-2018 and a 52 week low of Rs. 919.00 on 22-Aug-2017.

Last one week high and low of the scrip stood at Rs. 1,555.95 and Rs. 1415.85 respectively. The current market cap of the company is Rs. 18879.33 crore.

The promoters holding in the company stood at 41.35%, while Institutions and Non-Institutions held 47.68% and 10.98% respectively.

Info Edge (India) has invested through its wholly-owned subsidiary about Rs 2.64 crore in Medcords Healthcare Solutions. 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.

The aggregate shareholding of the company, after this initial investment, in the said entity would be 11.37% on a fully converted & diluted basis post completion of fund raise exercise with other investors.

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

1077.90 23.40 (2.22%)
20-Apr-2026 12:07 View Price Chart
Peers
Company Name CMP
eClerx Services 1625.50
Info Edge 1077.90
Firstsource Solution 235.70
Affle 3i 1459.50
Hinduja Global Soln. 419.60
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