Info Edge Board Approves Stock Split In 1:5 Ratio

Info Edge Board Approves 5:1 Stock Split

SUMMARY

The board of directors of Info Edge, the parent company of Naukri.com, has approved a stock split in the ratio of 1:5

As per the proposal, subject to shareholder approval, one equity share with a face value of INR 10 each will get converted into five equity shares of INR 2 each

The company will set the record date for the purpose of split after obtaining shareholders’ nod

The board of directors of Info Edge, the parent company of Naukri.com, has approved a stock split in the ratio of 1:5. This is the first-ever stock split by the online classified company.

As per the proposal, subject to shareholder approval, one equity share with a face value of INR 10 each will get converted into five fully paid-up equity shares of INR 2 each.

Explaining the rationale behind the split, Info Edge said it will enhance the liquidity of the company’s shares and encourage the participation of retail investors by making them more affordable.

However, it did not disclose the record date for the purpose of the said stock split. The record date will help determine the shareholders who are eligible to receive additional shares from the split.

“The Record Date for the sub-division/split of equity shares shall be decided after taking aforesaid approval of the shareholders of the Company and the same will be intimated in due course,” the company said in an exchange filing.

It is pertinent to mention that Info Edge issued bonus shares in 2010 and 2012 in the ratio of 1:1.

Following the stock split announcement, shares of Info Edge rallied more than 3% to INR 7,945.15 apiece on the BSE.

Founded in 1995 by Sanjeev Bikhchandani, Info Edge is one of India’s oldest internet-based companies, which operates across sectors such as recruitment (Naukri), real estate (99acres), matrimony (Jeevansathi) and education (Shiksha).

It counts listed giants such as foodtech major Zomato, insurtech startup PB Fintech, and unlisted edtech company Adda247 among its portfolio companies.

The company is also set to announce its December quarter earnings later in the day.

In Q2 FY25, Info Edge reported a net profit of INR 84.73 Cr on an operating revenue of INR 700.82 Cr.

The internet company has been on an investment spree lately. Last month, it said its subsidiary Redstart Labs is set to acquire an additional stake in healthtech startup Brainsight Technology for INR 3 Cr.

Prior to that, in November 2024, Info Edge announced plans to invest INR 4 Cr in its portfolio company LegitQuest via its wholly owned subsidiary Startup Investments (Holdings) Ltd.