Info Edge Board Approves Stock Split In 1:5 Ratio

The board of directors of Info Edge, the parent company of Naukri.com, has approved a stock split in the proportion of five shares for every one existing share

As per the proposal, subject to shareholder approval, one equity share with a face value of INR 10 each will get converted into five equity shares of INR 2 each

The company will set the record date for the purpose of split after obtaining shareholders’ nod

The board of directors of Info Edge, the parent company of Naukri.com, has approved a stock split in the proportion of five shares for every one existing share.

This is the first-ever stock split by the online classified company.

As per the proposal, subject to shareholder approval, one equity share with a face value of INR 10 each will get converted into five equity shares of INR 2 each.

The company will set the record date for the purpose of split after obtaining shareholders’ nod.

(The story will be updated soon)