Info Edge India Ltd closes QIP

The QIP Committee of Info Edge (India) Ltd at its meeting held on September 10, 2014, has decided to close the bidding for qualified institutions placement of Equity Shares of the Company (Issue), and has approved the issuance of up to 10,135,135 Equity Shares Rs.10/- each at an issue price of Rs.740/-per Equity Share, including a premium of Rs.730 per Equity Share, aggregating to a sum not exceeding Rs. 7,500 million to eligible Qualified Institutional Buyers (the "QIBs") under Chapter VIII of the SEBI Regulations.

The Issue was opened on September 04, 2014.

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.888.4 as compared to the previous close of Rs. 909.35. The total number of shares traded during the day was 32979 in over 4622 trades.

The stock hit an intraday high of Rs. 924.1 and intraday low of 864.35. The net turnover during the day was Rs. 29486714.

Source : Equity Bulls

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