Info Edge Board Approves Stock Split In 1:5 Ratio

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SUMMARY

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)





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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Info Edge Board Approves Stock Split In 1:5 Ratio


SUMMARY

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)





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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