New Delhi, April 15 -- In a board meeting on Monday, the management of Info Edge (India) Ltd fixed 7 May as the record date for its 1:5 stock split, in which one share with a face value of Rs.10 will be split into five. This should enhance market liquidity by encouraging greater participation from retail investors. It is a good way to attract retail investors who generally stay away from stocks with high prices, irrespective of their valuation.

Info Edge shares are now trading at Rs.6,700 each, even after falling about 27% from their all-time high on 6 January. This translates to a market cap erosion of about Rs.30,000 crore from the peak. The company holds about 13% each in Eternal Ltd (formerly Zomato) and PB Fintech Ltd (Policybazaar)...