Info Edge Launches Institutional Share Sale To Raise Up To INR 1,875 Cr
Info Edge announced a qualified institutional placement (QIP) to raise up to INR 1,875 Cr. In an exchange filing, the company informed that the Fund Raise Committee, The floor price per equity share has been fixed at INR 3,177.18 per share.
The company, in the exchange filing, further informed that the Fund Raise Committee would meet on August 7 to consider, determine and approve the closing date of the QIP. On Tuesday, Info Edge shares closed trading at ₹3,200.05 apiece, up 1.43% on the BSE.
Info Edge runs online classified businesses such as Naukri.com, 99acres.com, Jeevansathi.com, and Shiksha. The company also counts foodtech unicorn Zomato and insurance aggregator PolicyBazaar in its portfolio, besides edtech venture NoPaperForms and B2B ecommerce platform ShopKirana.