Info Edge promoter transfers 13,000 personal shares to employees

The transfer is in line with Bikhchandani's earlier commitment to award 243,500 shares equivalent to 76,250 shares pre-bonus issues of Sept 2010 and in June 2012

Sanjeev Bikhchandani, founder and promoter of Info Edge, which runs portals naukri.com and jeevansathi.com, has transferred 12,900 personal shares to employees.

"Info Edge (India) has informed BSE that Sanjeev Bikhchandani, founder promoter and executive vice-chairman, has transferred 12,900 shares (face value of Rs 10 each) from his personal shareholding to employees of the company," Info Edge said in a BSE filing.

The shares transfer is in line with Bikhchandani's earlier commitment to award 243,500 equity shares equivalent to 76,250 equity shares pre-bonus issues of September 2010 and in June 2012.

The balance commitment till now is 72,300 equity shares, at a 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 runs a real estate web portal 99acres.com and education portal shikhsa.com.