InfoEdge promoter transfers 10,000 personal share to employees

A promoter of Info Edge, which runs job portal naukri.Com and jeevansathi.Com, has transferred 10,000 personal shares to employees.
"It is hereby informed that Sanjeev Bikhchandani, Founder Promoter and Executive Vice Chairman, has transferred 10,000 shares (face value of Rs 10 each) from his personal shareholding to employees of the company," Info Edge said in a BSE filing.
At today's closing price, the value of shares stands at Rs 83,79,500.
The share transfer is in line with Bikhchandani's earlier commitment to award a total of 243,500 equity shares equivalent to 76,250 equity shares pre-bonus issues of September 2010 and in June 2012.

The balance commitment as on date is 94,600 equity shares, at face value of Rs 10 each, in favour of employees who remain associated with the company and its subsidiaries, the filing said.
The company also run real estate web portal 99acres.Com and education portal shikhsa.Com.
Currently, the company has investments in Zomato Media, Applect Learning Systems Private Limited, Etechaces Marketing and Consulting, Kinobeo Software, Canvera Digital Technologies and Happily Unmarried Marketing.
With a network of 63 offices located in 43 cities throughout India, Info Edge has over 3,800 employees.