Info Edge (India) Ltd founder transfers 10000 shares from his holdings to employees

Mr. Sanjeev Bikhchandani, Founder Promoter & Executive Vice-Chairman of Info Edge (India) Ltd, has transferred 10,000 shares (face value of Rs.10 each) from his personal shareholding to employees of the Company.

This transfer is in line with his earlier commitment to award a total of 243,500 equity shares (equivalent to 76,250 equity shares pre bonus issues of September, 2010 and in June, 2012). These were advised to the Stock Exchanges. The balance commitment as on date is 94,600 equity shares (face value of Rs. 10 each) in favour of employees who remain associated with the Company & its subsidiaries. Further, transfers will be advised as and when the aforesaid balance committed shares are transferred to the concerned employees.

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.837.05 as compared to the previous close of Rs. 846.6. The total number of shares traded during the day was 13377 in over 581 trades.

The stock hit an intraday high of Rs. 855 and intraday low of 830. The net turnover during the day was Rs. 11273576.

Source : Equity Bulls

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