Introduction:
An IT stock’s board approved a stock split, reducing the face value from ₹10 to ₹2, subject to approvals. This move increases authorized share capital to ₹150 crore, restructuring equity into 75 crore shares, aligning with the company’s revised capital structure.
Share Price movement of Info Edge (India):
On February 5, 2025, Info Edge (India) Ltd opened at ₹7,735.00, rising from its previous close of ₹7,706.90. The stock surged to a high of ₹7,988.00 and dipped to a low of ₹7,712.55. It closed at ₹7,948.70, gaining 4%, with a market cap of ₹1,03,002.53 crore.
Info Edge (India) approves 1:5 stock split:
Info Edge (India) Limited’s Board of Directors, in their meeting on February 5, 2025, approved the subdivision of each existing equity share from a face value of Rs. 10 to Rs. 2, subject to shareholder and regulatory approvals. The alteration will increase the total authorized share capital to Rs. 150 crore, divided into 75 crore equity shares of Rs. 2 each.
Additionally, the Articles of Association will be amended to redefine ‘equity shares’ as fully paid-up shares with a par value of Rs. 2. This change aligns with the company’s new capital structure following the subdivision of shares.
The board meeting began at 11:00 a.m., with the subdivision decision made at 11:35 a.m., and is expected to conclude at 4:00 p.m. This significant corporate action is also disclosed on the company’s website and has been communicated to the stock exchanges for regulatory compliance and shareholder notification.
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Recent news About Info Edge (India) :
On December 1, 2024, Info Edge, parent of Naukri.com, filed an FIR against key executives of its indirect subsidiary, 4B Networks Private Limited. The complaint, filed by Allcheckdeals India Private Limited, alleges fraudulent activities involving 4B Networks’ funds, as disclosed in a stock exchange filing.
Ace investor holding of Info Edge (India):
Anil Lall holds 3,133,487 shares in Info Edge (India) Ltd., representing 2.42% ownership, with a total valuation of ₹2,494.3 crore. His holdings remain unchanged from the previous quarter, reflecting long-term confidence in the company’s growth, stability, and expanding digital business ecosystem.
Ambarish Raghuvanshi owns 1,363,029 shares in Info Edge (India) Ltd., accounting for 1.05% stake, valued at ₹1,085.0 crore. His holdings have remained steady, demonstrating a strategic investment approach while continuing to monitor the company’s financial performance, market leadership, and technological advancements in the digital and IT sector.
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Stock performance of Info Edge (India) for Period of 1 week, 6 months and 1 year:
Info Edge (India) Ltd’s stock gained 6.70% over the past week, reflecting short-term positive momentum. Over the last six months, it rose by 10.1%, showing steady growth. The one-year return stands at 48.3%, highlighting strong long-term performance and investor confidence in the company.
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Shareholding pattern of Info Edge (India):
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 37.63 | 37.68 | 37.88 |
FII | 32.63 | 32.28 | 32.14 |
DII | 19.25 | 19.56 | 19.36 |
Retail & others | 10.51 | 10.48 | 10.62 |
About Info Edge (India):
Info Edge (India) Ltd. is a leading internet-based company specializing in online classifieds, recruitment, real estate, and education services. It owns platforms like Naukri, 99acres, and Jeevansathi. With strong digital presence and investments, it drives innovation in India’s growing technology and internet sector.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.