Info Edge (India) Ltd's founder promoter transfers 12900 shares to employees

Mr. Sanjeev Bikhchandani, Founder Promoter & Executive Vice Chairman, has transferred 12,900 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 72,300 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.764.75 as compared to the previous close of Rs. 784.1. The total number of shares traded during the day was 5620 in over 559 trades.

The stock hit an intraday high of Rs. 788 and intraday low of 759. The net turnover during the day was Rs. 4353925.

Source : Equity Bulls

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