Info Edge India Ltd invests Rs. 20 crores in Allcheckdeals India Pvt Ltd

Info Edge India Ltd has invested an amount of about Rs.20 Crores in Allcheckdeals India Pvt. Ltd., wholly owned subsidiary of the Company.

ACD is engaged in the business of Brokerage services in the real estate sector in India.

Present investment allows Company to strengthen the financial health of its mentioned wholly-owned subsidiary enabling it to offer improved services in the real estate segment by providing a new platform to real estate industry professionals to conduct their business efficiently and/or helping it to diversify, organically and/or inorganically, into other connected areas.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 6490.65 as compared to the previous close of Rs. 6548.85. The total number of shares traded during the day was 37114 in over 6762 trades.

The stock hit an intraday high of Rs. 6695.00 and intraday low of 6370.30. The net turnover during the day was Rs. 241105916.00.

Source : Equity Bulls

Keywords

InfoEdgeIndiaLimited INE663F01024 NAUKRI Investment Allcheckdeals