Comments
Shares of Info Edge went up today after the company, which owns online job portal Naukri, said last week that it will acquire Highorbit Careers - that operates job portals iimjobs.com and hirist.com - for cash consideration of Rs 80.82 crore.
The stock gained nearly 3% to Rs 2,515 on the NSE. Volumes traded in the counter were to the tune of 1.10 lakh shares as at 1 pm.
“We have agreed to acquire 100 per cent share capital on a fully diluted basis. Post the completion of the acquisition, iimjobs will become wholly-owned subsidiary of the company,” Info Edge said in a BSE filing last week
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.