Info Edge (India), the parent company of popular job portal Naukri.com, has announced a stock split in the ratio of 1:5, fixing Wednesday, May 7 as the record date to determine the eligibility of shareholders for the proposed sub-division of equity shares.
“Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that following the approval granted by the Members through Postal Ballot on Friday, April 11, 2025, as already intimated to the Stock Exchanges vide our letter dated April 11, 2025, the Board of Directors of the Company at their meeting held today i.e. on Monday, April 14, 2025, has fixed the “Record Date” as specified below, for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company,” the company informed the stock exchanges.
According to the regulatory filing, one equity share of face value Rs 10 will be subdivided into five equity shares of face value Rs 2 each. All resulting shares will be fully paid up and will rank pari-passu in all respects.
According to the circular, the move aims to enhance liquidity in the stock and make it more accessible to a broader base of investors by reducing the per-share price. Stock splits are generally considered shareholder-friendly corporate actions, especially when undertaken by companies with strong fundamentals and rising share prices.
The company stated that book closure is not applicable, and only the record date of May 7 will be used to finalize the list of eligible shareholders for the corporate action.
Info Edge stock split history
According to the data available on Trendlyne, this is the first-ever instance of the company proceeding with a stock split.
The shares of Info Edge closed 2.13% higher at Rs 6,544.75 on the BSE on Friday.
Also read: “The crash has arrived”: Rich Dad Poor Dad author Robert Kiyosaki doubles down on gold, silver, Bitcoin strategy
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
“Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that following the approval granted by the Members through Postal Ballot on Friday, April 11, 2025, as already intimated to the Stock Exchanges vide our letter dated April 11, 2025, the Board of Directors of the Company at their meeting held today i.e. on Monday, April 14, 2025, has fixed the “Record Date” as specified below, for determining entitlement of Equity Shareholders for the purpose of sub-division/ split of existing Equity Shares of the Company,” the company informed the stock exchanges.
According to the regulatory filing, one equity share of face value Rs 10 will be subdivided into five equity shares of face value Rs 2 each. All resulting shares will be fully paid up and will rank pari-passu in all respects.
According to the circular, the move aims to enhance liquidity in the stock and make it more accessible to a broader base of investors by reducing the per-share price. Stock splits are generally considered shareholder-friendly corporate actions, especially when undertaken by companies with strong fundamentals and rising share prices.
The company stated that book closure is not applicable, and only the record date of May 7 will be used to finalize the list of eligible shareholders for the corporate action.
Info Edge stock split history
According to the data available on Trendlyne, this is the first-ever instance of the company proceeding with a stock split.
The shares of Info Edge closed 2.13% higher at Rs 6,544.75 on the BSE on Friday.
Also read: “The crash has arrived”: Rich Dad Poor Dad author Robert Kiyosaki doubles down on gold, silver, Bitcoin strategy
( Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
You may also like
British toddler, 3, dies in Greece after drowning in holiday villa's swimming pool
Ceredigion missing teens police confirm new lead in hunt after 16-year-olds disappeared a week ago
Chris Hughes' three-word message to pop star ex after 'really tough' break up
Bryson DeChambeau felt 'really uncomfortable' as he opens up after McIlroy Masters battle
Airoli Traffic Alert: Bharat Bijlee Junction Underpass Closed On April 15-16 Due To ROB Work At Prabuddha Chowk; Check Alternate Routes
