Info Edge gains as two funds of Rel MF buy stake in the company
Info Edge (India) has said that Murugan Capital and Sherpalo LLC Mauritius have sold their 1.55% and 2.04% stake, respectively in the company to Reliance Equity Opportunities Fund and Reliance Tax Saver ELSS Fund.
The scrip is currently trading at Rs 900.50, up 10.70 rupees or 1.20% on the Bombay Stock Exchange (BSE).
The counter opened at Rs 901 against its previous close of Rs 889.80. The stock has touched an intraday high and a low of Rs 919 and Rs 900.50, respectively.
So far 1,550 shares of the company were traded on the BSE.
The BSE ???B??? group stock of face value of Rs 10 each has touched a 52-week high of Rs 946.80 on March 15, 2010 and a 52-week low of Rs 413 on March 16, 2009.
The promoters??? holding in the company as per December 2009 data stood at 54.15%, FIIs and DIIs held 24.58% and 2.91%, respectively while others were holding 18.36% stake in the company.
Murugan Capital has sold total 4,22,410 shares while Sherpalo LLC Mauritius has sold 5,57,913 shares in the company on March 12.
Reliance Equity Opportunities Fund and Reliance Tax Saver ELSS Fund are the funds belonging to the largest fund house of the country — Reliance Mutual Fund.
Info Edge (India), incorporated in 1995, owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.
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