Naukri.com’s parent company Info Edge (India) has made a big announcement on Thursday. The company is going to split its stock for the first time. For this, a board meeting has been called on 5 February 2025, where a final decision will be taken on it.
The company has said that this meeting will also feature results of the quarter and nine months in the end of December 2024. But there will be a real discussion on the share split, which plans to divide the current shares with existing ₹ 10 face value into small parts. Small investors will get the benefit of this split, as it will make the shares cheap and more people will be able to buy them.
First time split, first twice bonus
This is the first time Info Edge is going to split its share. However, the company gave bonus shares to shareholders in 2010 and 2012. But this time the share split will increase the liquidity of the company’s shares and investors will get more opportunities.
What is stock split and why is it special?
In the stock split, the company divides its existing shares into small parts. Suppose, if the split ratio is 1: 2, then you will get two shares instead of each share. Although the total value of the stock will not change, it will make it easier for small investors to buy it.
After this announcement, the shares of Info Edge saw a jump. By the end of trading on Thursday, the company’s shares were trading at ₹ 7,621.10 with a gain of 2.36%. Currently, after the approval of the board, it will have to get the approval of the shareholders. Also, the company will declare essential information like record date and split ratio soon.