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Shares of Info Edge (India) rose 6.8 per cent to Rs 2,959.20 on the BSE on Tuesday after its board approved raising up to Rs 1,875 crore through issue of equity shares via Qualified Institutions Placement (QIP).
"(The Board approved) raising of funds through issue of equity shares of face value of Rs 10/- each of the company by way of QIP to eligible qualified institutional buyers for an aggregate amount not exceeding Rs 1,875 crore...subject to the approval of the members of the company," the company said in an exchange filing.
The company will conduct a postal ballot by way of
