Info Edge India Ltd to divest stake in Wishbook Infoservices Pvt Ltd

The Board of Directors of Info Edge (India) Ltd at their meeting held on May 16, 2024, considered and approved the proposal to divest its 34.93% holding held in Wishbook Infoservices Private Limited (Wishbook) on fully converted & diluted basis, through its wholly-owned subsidiary, Startup Investments (Holding) Limited (SIHL), we would like to apprise that the Agreement for sale/disposal is still in the process of execution and completion of the same is expected by end of July 2024.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 6785.75 as compared to the previous close of Rs. 6736.85. The total number of shares traded during the day was 5197 in over 1559 trades.

The stock hit an intraday high of Rs. 6820.00 and intraday low of 6700.35. The net turnover during the day was Rs. 35208052.00.

Source : Equity Bulls

Keywords

InfoEdgeIndia INE663F01024 StakeSale Divestment WishbookInfoservices