Info Edge shares up nearly 3% on acquisition move

BL Internet Desk | Updated on December 09, 2019 Published on December 09, 2019

The Naukri’s job index for June stood at 2,172, up 6 per cent.   -  Getty Images/iStockphoto

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 and - 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

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Published on December 09, 2019
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