Info Edge India Ltd allots 10135135 shares at Rs. 740 through QIP

In respect of the Issue, the QIP Committee of Info Edge (India) Ltd has, at its meeting held on September 12, 2014, approved the issue and allotment of 10,135,135 Equity Shares to eligible QIBs at a price of Rs. 740/- per Equity Share, including a premium of Rs. 730/- per Equity Share, aggregating to Rs. 7,49,99,99,900, (Rupees Seven Hundred Forty Nine Crores Ninety Nine Lacs, Ninety Nine Thousand Nine Hundred only) under the Issue.

Post the above stated allotment, the paid-up equity share capital of the Company stands increased to Rs. 1,199,161,590 comprising of 119,916,159 Equity Shares of a face value of Rs. 10/- each.

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.873.2 as compared to the previous close of Rs. 895.65. The total number of shares traded during the day was 10712 in over 1361 trades.

The stock hit an intraday high of Rs. 895.65 and intraday low of 870.4. The net turnover during the day was Rs. 9475639.

Source : Equity Bulls

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