Foreign fund house Citigroup Global Mkt (Mauritius) has hiked its stake in Info Edge India, owner of job portal Naukri.Com, to over 5 per cent through open market transactions.
In a disclosure to the Bombay Stock Exchange, Info Edge India said Citigroup Global has acquired 1.65 per cent stake, amounting to over 4.49 lakh shares of the firm, on April 28.
Post acquisition, Citigroup Global now holds a 5.21 per cent stake in the company. Calculated on the basis of Info Edge India's closing price on April 29, the transaction value stands at nearly Rs 24.15 crore.
Meanwhile, in a separate filing to the stock exchange, Info Edge India said non of its promoters and their group have pledged or hypothecated their shares till the end of March.Shares of Info Edge India were trading at Rs 522, down 2.83 per cent in the late afternoon trade on the BSE.
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