Info Edge (India) invests Rs 115 million to explore new business
Shital Jibhe / 27 Jul 2017
After the investment, the aggregate shareholding owned by Info Edge is 49.37% stake in Green Leaves Consumer Services and 21.88% stake in Wishbook Infoservices.
In order to diversify into a new branch of business within the internet services industry, Info Edge (India) on Wednesday invested Rs 80 million in Green Leaves Consumer Services and nearly Rs 35 million in Wishbook Infoservices through its wholly-owned subsidiary.
After the investment, the aggregate shareholding owned by Info Edge is 49.37% stake in Green Leaves Consumer Services and 21.88% stake in Wishbook Infoservices.
Meanwhile, the stock traded in positive territory gaining 0.84% at Rs 992 per share on BSE. On NSE, the stock attracted a traded volume of 4,506 shares and a traded value of Rs 104.53 lakh.
The company has been maintaining a dividend payout of 20.75%.
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