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Info Edge climbs on entering into agreement to invest in Metis Eduventures

  • Nov-08-2019
  • 14 Hrs IST

Info Edge (India) is currently trading at Rs. 2542.30, up by 48.30 points or 1.94% from its previous closing of Rs. 2494.00 on the BSE.

The scrip opened at Rs. 2566.30 and has touched a high and low of Rs. 2620.00 and Rs. 2490.05 respectively. So far 23621 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2669.00 on 01-Nov-2019 and a 52 week low of Rs. 1312.80 on 16-Nov-2018.

Last one week high and low of the scrip stood at Rs. 2649.45 and Rs. 2445.60 respectively. The current market cap of the company is Rs. 30958.83 crore.

The promoters holding in the company stood at 40.55%, while Institutions and Non-Institutions held 48.71% and 10.74% respectively.

Info Edge (India) has entered into an agreement to invest about Rs 21 crore in Metis Eduventures (Adda247) as primary acquisition of shares. As part of company’s strategic investments, the acquisition would help the company to diversify its presence into new line of business within the Internet Services/Tech Industry.

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.