Info Edge Launches Share Sale To Raise Up To $250 Mn
India, Aug. 5 -- Indian internet company and parent of jobs portal Naukri.com, Info Edge, on Tuesday, 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, at its meeting held on August 4, had approved the opening of the QIP. 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 Rs.3,200.05 apiece, up 1.43% on the BSE.
In a prospectus filed with the stock exchange, the company said that the amount rai...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.