Info Edge Announces Record Date for Equity Share Split
Overview of Info Edge’s Share Split Decision
Info Edge (India) Ltd., well-known for its popular job portal Naukri.com, has made a significant announcement regarding its equity share structure. The company disclosed that it will be splitting its equity share for the very first time, a move that is poised to create a more favorable investment environment for shareholders.
Details of the Share Split
As per the announcement made in the exchange filing, the record date for the split has been set for May 7. This equity share split will convert one equity share with a face value of ₹10 into five shares each with a face value of ₹2. This strategic decision aims to enhance liquidity in the trading of the shares and make it more accessible for investors.
Market Response and Future Implications
Investors have responded positively to this news, as evidenced by a 2.2% increase in the company’s share price, which closed at ₹6,550 on Friday. Such moves often reflect a company’s strong performance and its commitment to shareholder value. Looking ahead, the split may attract more investments as it reduces the nominal price of each share, potentially increasing its market appeal. As Info Edge embarks on this new chapter, stakeholders will be keenly watching the resulting market dynamics.
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