Info Edge India, a promoter of Naukri.com, 99acres.com and jeevansathi.com, advanced 2 percent on Friday as the company acquired Makesense Technologies Private limited for about Rs 8 crore.
Hitesh Oberoi, CEO & MD, Info Edge explains on CNBC-TV18, post announcement of results, that the company is adequately cushion by cash reserves of close to Rs 500 crore and hence there arose no need to raise funds. Oberoi adds that the company‘s realty arm 99acres.com and education portal Shiksha.com have performed well
It is certain that the buyer-friendly CCI order dated January 3, 2013 is likely to receive mixed reactions from the builder community.