Info Edge (India), which owns the portal Naukri.com, has soared 9% to Rs 415 on BSE after the company said it has made additional investments in Zomato Media Private Limited. Zomato Media owns and operates an online food guide portal Zomato.com.
The stock opened at Rs 380 and touched 52-week high of Rs 422 on BSE. A combined 56,632 shares have already changed hands on the counter so far on BSE and NSE.
“The company has co-invested in an investment round of Rs 228 crore in the shares of Zomato Media. Of the total investment round, Info Edge has invested an amount of about Rs 57 crore by subscribing to convertible preference shares of Zomato Media,” Info Edge (India) said in a statement.
Post this transaction the total amount invested by Info Edge in Zomato Media cumulatively till date is about Rs 143 crore and the shareholding of Info Edge in Zomato Media stands at 50.1% on a fully converted and diluted basis.
Prior to this round Info Edge owned a little less than 58% of Zomato Media, it added.
The stock opened at Rs 380 and touched 52-week high of Rs 422 on BSE. A combined 56,632 shares have already changed hands on the counter so far on BSE and NSE.
“The company has co-invested in an investment round of Rs 228 crore in the shares of Zomato Media. Of the total investment round, Info Edge has invested an amount of about Rs 57 crore by subscribing to convertible preference shares of Zomato Media,” Info Edge (India) said in a statement.
Post this transaction the total amount invested by Info Edge in Zomato Media cumulatively till date is about Rs 143 crore and the shareholding of Info Edge in Zomato Media stands at 50.1% on a fully converted and diluted basis.
Prior to this round Info Edge owned a little less than 58% of Zomato Media, it added.
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