Info Edge India Ltd approves allotment of 1 lakh Shares to ESOP Trust

Pursuant to the authorization given by the Board, the Committee of Executive Directors at its meeting held on February 21, 2017 has approved the allotment of 1,00,000 equity shares of face value of Rs.10/- each to the Info Edge Employee Stock Option Plan Trust at Rs. 100/-per share which includes Rs. 90/- per share as premium. These shares shall rank pari passu with the existing equity shares of the Company, in all respects.

With this allotment, the paid up capital of the Company will accordingly increase from Rs. 1,211,161,590 (121,116,159 equity shares of Rs. 10/- each) to Rs. 1,212,161,590 (121,216,159 equity shares of Rs. 10/- each).

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.835 as compared to the previous close of Rs. 835.25. The total number of shares traded during the day was 1712 in over 166 trades.

The stock hit an intraday high of Rs. 842 and intraday low of 822.75. The net turnover during the day was Rs. 1423556.

Source : Equity Bulls

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