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This means that the company will split one equity share of face value of ₹10 into five equity shares of face value of ₹2 each.
Aside of the stock split, the company will also be declaring its December quarter results today
Info Edge shares currently carry a face value of ₹10 each and this is the first instance of the company dividing its stock.Record date for the stock split will be declared once the company secures approval for the proposal from its shareholders, it said in an exchange filing.
Earlier, the company has issued bonus shares to its shareholders. However, that was back in 2010 and 2012 when it had declared a 1:1 bonus issue, meaning one free share for every one share held.
Over the last three years, Info Edge has paid ₹66 per share as dividend to its shareholders.
Shares of Info Edge India are currently trading 2.4% higher at ₹7,891.5 post the stock split announcement. The stock is down 15% from its earlier peak of ₹9,128.
First Published: Feb 5, 2025 8:31 on IS
