Stock split: Info Age (India) Limited shares climbed 4% in Intrade on Wednesday (5 February). The bounce in the company’s shares comes after the board’s stock split was approved. Company board 1: 5 The stock split has been approved in the ratio. Under this, each equity share will be divided into 5 pieces.
Under the stock split, the company will distribute each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2. The face value of each share of Info Edge is Rs 10 in current. The company has announced to divide its stock for the first time.
Info Edge Stock Split Record Date
Info Age said in the regulatory pheeline, “The record date of the stock split will be announced only after the proposal from the company’s shareholders.” The company said the stock split will increase the liquidity of the company’s equity shares and the company’s equity shares would be more affordable and motive to participate in retail investors.
Earlier, the company has issued bonus shares to its shareholders. However, this was done in 2010 and 2012. The company then announced a bonus issue in the ratio of 1: 1. At the same time, in the last three years, Info Age has paid Rs 66 per share to its shareholders as dividend.
Info Edge Share History
After the announcement of stock division, the stocks of Info Edge India were trading at 7863 at Rs 159.35 or 2.07% at 2 pm on Wednesday (5 February). However, the stock has fallen 14% in the last one month. Whereas its 52 week high has been reduced from Rs 9,194 to 16% correct. The market cap of stock on BSE is Rs 1,01,897 crore. In the last one year, there has been an increase of 43.8 per cent in the stocks of Info Edge by a 9.5 per cent increase of Sensex.
Info Edge Q3 Results
Info Edge Job Listing Portal is the parent company of Job.com. Info Age announced its December quarter results on Wednesday. In the December quarter, the company’s profit jumped 60.6% to Rs 242.59 crore. It was Rs 151.09 crore in the same period of a year ago.
The company’s operations rose 15.2 per cent to Rs 722.39 crore on an annual basis in the December quarter. It was Rs 627.12 crore in the same quarter of a year ago.