Info Edge so close to its high

about 2 years ago
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Info Edge (India) stock has been gaining for the last 3 days and has risen 4.28% in the period. It rose to Rs. 1924.95, which is just 0.5% away from its 52-week high of Rs.1926.55.

The stock is up on news that that it has invested Rs.6 crore through its wholly-owned subsidiary in Bizcrum Infotech.

The company has acquired 60 lakh, 0.01% compulsorily convertible preference shares having face value of Rs 10 each.

The aggregate shareholding of the company, post this investment, in the said entity would be 29.79% on fully converted & diluted basis.

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