India, Feb. 5 -- The board of directors of Info Edge, the parent company of Naukri.com, has approved a stock split in a 1:5 ratio. This is the first-ever stock split by the online classified company.

As per the proposal, subject to shareholder approval, one equity share with a face value of INR 10 each will get converted into five equity shares of INR 2 each.

The company will set the record date for the purpose of split after obtaining the shareholders' nod.

(The story will be updated soon)

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