New Delhi, Feb. 5 -- The Board of Directors of Info Edge on Wednesday, February 5, approved the first-ever stock split by the company, with the share split ratio fixed at 1:5. This means that one share of the company, having a face value of Rs.10 apiece, will be split into five shares of the face value of Rs.2 each.

Following the announcement, Info Edge share price rallied nearly 4%.

The company said the stock split will enhance the liquidity of the company's shares and encourage the participation of retail investors by making them more affordable.

Info Edge, however, did not disclose the record date for the said stock split. The record date will help determine the shareholders who are entitled to receive the additional shares by way o...