Info Edge Stock Split: Naukri.com parent company to divide its equity shares; check out details
The board will also consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024.
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The board of Info Edge, the parent company of employment website Naukri.com, matrimonial website Jeevansathi.com, real estate classifieds platform 99Acres.com, and educational portal Shiksha.com, among others, has approved the sub-division of its equity share on February 5, according to a stock market disclosure on Thursday, January 30. This is subject to shareholders' approval.
The board will also consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024.
"The Board of Directors is scheduled to be held on Wednesday, February 05, 2025, to, inter alia, consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024, we hereby inform you that at the said Meeting, the Board of Directors will also consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company and any regulatory/statutory approvals, as may be required under applicable law," the company said in a BSE filing.
The company is yet to declare the record date for the stock split.
Meanwhile, shares of Info Edge were trading 2.4 per cent higher at Rs 7,627.5 each on BSE today, January 30 at 11.43 PM IST.
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