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Info Edge India Ltd. ( (IN:NAUKRI) ) has provided an announcement.
Info Edge (India) Limited announced the approval of a Scheme of Amalgamation involving its subsidiary, Makesense Technologies Limited, and PB Fintech Limited. As part of this scheme, Info Edge has been allotted 2,99,48,003 equity shares in PB Fintech, increasing its total shareholding to 12.43%. This strategic move, approved by the National Company Law Tribunal, is expected to enhance Info Edge’s stake in PB Fintech, potentially strengthening its position in the market. The newly allotted shares will be listed and traded on major Indian stock exchanges, aligning with Info Edge’s growth and investment strategies.
More about Info Edge India Ltd.
Info Edge (India) Limited operates in the internet services industry, primarily focusing on online classifieds and related services. The company is known for its platforms in recruitment, real estate, matrimony, and education, with a significant market presence in India.
Average Trading Volume: 35,486
Technical Sentiment Signal: Buy
Current Market Cap: 900.1B INR
Learn more about NAUKRI stock on TipRanks’ Stock Analysis page.