Info Edge (India), parent company of Naukri.com, announced a stock split in the ratio of 1:5 to enhance liquidity and broaden investor access. The company has fixed May 7 as the record date to determine shareholders’ eligibility for the sub-division of equity shares. This marks the first stock split for Info Edge, with shares closing higher on the BSE.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj