Info Edge to close bids for QIP issue
11/09/2014 15:34
Info Edge (India), an Indian e-commerce company, on Wednesday said the company has decided to close the bidding for qualified institutions placement of equity shares of the company. “The QIP committee at its meeting held on September 10, 2014, has decided to close the bidding for qualified institutions placement of equity shares of the company, and has approved the issuance of up to 10,135,135 Equity Shares Rs 10 each at an issue price of Rs 740 per equity share, including a premium of Rs 730 per equity share, aggregating to a sum not exceeding Rs 750 crore to eligible qualified institutional buyers,” Info Edge (India) said in a filing to Bombay Stock Exchange. The company owns internet properties Naukri.com, Shiksha.com, Jeevansathi.com, Naukrigulf.com and 99acres.com and stakes in many other internet businesses. Meanwhile, shares of company were trading at Rs 894.00 apiece, up 0.63 per cent, from previous close on BSE at 12:20 hours.
11/09/2014 15:34
Info Edge (India), an Indian e-commerce company, on Wednesday said the company has decided to close the bidding for qualified institutions placement of equity shares of the company. “The QIP committee at its meeting held on September 10, 2014, has decided to close the bidding for qualified institutions placement of equity shares of the company, and has approved the issuance of up to 10,135,135 Equity Shares Rs 10 each at an issue price of Rs 740 per equity share, including a premium of Rs 730 per equity share, aggregating to a sum not exceeding Rs 750 crore to eligible qualified institutional buyers,” Info Edge (India) said in a filing to Bombay Stock Exchange. The company owns internet properties Naukri.com, Shiksha.com, Jeevansathi.com, Naukrigulf.com and 99acres.com and stakes in many other internet businesses. Meanwhile, shares of company were trading at Rs 894.00 apiece, up 0.63 per cent, from previous close on BSE at 12:20 hours.
