Info Edge (India), the company behind Naukri.com, has exciting news! On Thursday, they shared that they might split their shares for the first time ever. The Board of Directors will meet on February 5, 2025, to discuss this and look at the company’s financial results for the past quarter.
In their announcement, they mentioned that the Board will think about dividing the current shares, which are worth Rs. 10 each, into smaller pieces. This means if they decide to go ahead with it, people who own shares will get more shares, but each one will be worth less than before. The company will provide details about the record date and other important information later.
This stock split is special because it’s the first time Info Edge has done this. They have given out bonus shares to their supporters two times before — once in 2010 and again in 2012.
A stock split is when a company increases the number of available shares by giving out more to current shareholders. It makes it easier for people to buy shares and can show that a company is confident about its future growth. As of 12:10 pm on Thursday, Info Edge (India) shares were up by 2.3%, trading at Rs. 7,621 on the BSE.
Note: The opinions and views mentioned in this article are those of the experts and do not represent the position of Thellv.news
Leave a Reply