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An announcement from Info Edge India Ltd. ( (IN:NAUKRI) ) is now available.
Info Edge (India) Limited announced that there is no deviation or variation in the utilization of funds raised through Qualified Institutions Placement (QIP) in FY 2020-21, as per Regulation 32(1) of the Securities and Exchange Board of India. The statement, reviewed by the Audit Committee and noted by the Board, indicates that the funds are being used as intended to support the company’s growth strategy, including augmenting long-term cash resources and meeting business requirements. This adherence to planned fund utilization reflects positively on the company’s operational management and strategic planning, potentially reinforcing stakeholder confidence.
More about Info Edge India Ltd.
Info Edge (India) Limited operates in the online services industry, primarily offering recruitment, real estate, matrimony, and education services through platforms like Naukri.com, 99acres, Jeevansathi.com, and Shiksha. The company focuses on leveraging digital platforms to connect users with services in these sectors, aiming to enhance user experience and expand its market presence.
Average Trading Volume: 47,592
Technical Sentiment Signal: Buy
Current Market Cap: 856.9B INR
Learn more about NAUKRI stock on TipRanks’ Stock Analysis page.