Info Edge board approves first-ever stock split in 1:5 ratio – Check record date and other details

Info Edge, the parent company of naukri.com, on Wednesday announced that its board of directors has approved a stock split in the ratio of 1:5. This is the first-ever stock split bythe company. This means that one equity share of the company, having a face value of Rs 10 apiece, will be split into five equity shares having the face value of Rs 2 each, fully paid-up.

“The authorized share capital of the company is Rs 150,00,00,000 (Rupees One Hundred and Fifty Crores) divided into 75,00,00,000 (Seventy Five Crores) equity shares of face value of Rs 2 (Rupees Two only) each.” it said.