Info Edge (India) has received approval to acquire 100% share capital on a fully diluted basis of Highorbit Careers for an aggregate cash consideration of about Rs 80.82 crore. The Board of Directors of the Company at its meeting held on May 27, 2019 has approved the same.
The proposed acquisition would help the Company to further consolidate its position in the online recruitment solutions segment where its flagship brand Naukri.com already has an established leadership position.
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.
