Info Edge: The shares of Info Edge, also known as the naukri.com parent company, increased 2.4% on Wednesday, reaching an intraday high of Rs 7,889.55 on the BSE. Following the corporate board’s approval of a 1:5 stock split, the stock increased. The share price of Info Edge was up 2.05% at Rs 7,861.85 a share on the BSE at approximately 11:50 AM.
The BSE Sensex, on the other hand, fell 0.21 percent to 78,417.49. The company’s market capitalization was Rs 1,01,794.81 crore. The stock’s 52-week high and 52-week low were Rs 9,194.95 and Rs 4,967.1 per share, respectively. Let’s unleash all the news regarding the Info Edge share price in this article.
Overview of Info Edge Limited
An extensive knowledge of the consumer of India and the internet market is possessed by Info Edge. Being one of the few profitable pure-play online companies in the nation, it has a handful of experiences in the field, high cash flow creation, and a diverse company portfolio. In accordance with the Companies Act of 1956, the business was established as Info Edge (India) Pvt. Ltd. on May 1, 1995, and on April 27, 2006, it changed its name to a public limited company.
From its humble beginnings as an online classified recruitment company (naukri.com), Info Edge has expanded and changed its business model quickly, becoming a model for others to follow. Today, it is India’s top online classifieds company for education, real estate, marriage, and recruiting, all because of its innovative and creative culture, skilled and experienced executive team, and strong entrepreneurial spirit.
Info Edge Stock Split & Share Surge
The board of Info Edge authorized a stock split during a meeting today. The application states that the current one equity share, which has a face value of ₹ 10, will be divided into five equity shares, each of which will have a face value of ₹ 2. Once the shareholders have given their consent, the record date for the split of the share will be determined.
The company also stated that it would like to notify that during the company’s board of directors’ meeting today, Wednesday, February 5, 2025, they discussed and approved the division of the company’s current one (1) fully paid-up equity share, which has a face value of ₹ 10, into five (5) equity shares, each with a face value of ₹ 2 per share. By ensuring that the equity shares of the company are more accessible, the stock split will increase the liquidity of the company’s equity shares and promote participation from retail investors, according to the filing.
Conclusion
The main goals of a stock split are to make the company’s shares more liquid and more accessible to individual investors, and so Info Edge has come up with such a plan for its investors exclusively. This is the company’s first-ever stock split. On February 5, 2025, i.e., today, the company’s board approved the decision, which is now made public through an exchange filing. The price of Info Edge’s shares skyrocketed after the announcement.
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