The entire outer limit of Rs 1,875 crore cleared by the board will be raised as part of the deal. The QIP has been priced at a implied discount of around 5.2 percent to the share's closing price today of Rs 3,186.10 ( as on NSE).
This capital raising plan is not for the existing business. The management wants to create an opportunistic war chest as it expects inorganic opportunities in the next six to nine months, especially in its key business verticals.
Info Edge operates in four categories — jobs/recruitment, real estate, matrimony and education — and also backs other portals such as Jeevansathi.com, Shiksha.com and Policybazaar.com
Info Edge stock past 1 year
(www.nseindia.com)
Info Edge stock past 5 years
(www.nseindia.com)
Investments of Info Edge
(Source : Info Edge Corporate Presentation)
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