As part of company's strategic investments, the acquisition would help the company to diversify its presence into the new line of business within the internet services industry.
Upon the closing of this fund raise, Info Edge India said its shareholding in Zomato stands reduced to about 27.68 percent on fully converted & diluted basis.
The transaction is subject to change consequent to completion of primary investment in Etechaces announced by Info Edge on June 25, 2018, the statement said.
The company's income from operations stood at Rs 227.1 crore in the quarter under review, up 22 percent from Rs 186 crore in the year-ago period.
Info Edge India is higher in trade, reacting to a good set of earnings. In an interview to CNBC-TV18, Hitesh Oberoi, CEO & MD of the company discussed the Q2 performance.
Sharekhan is recommended hold rating on Info Edge with a target price of Rs 1250 in its research report dated September 18, 2017.
The Info Edge India stock has had a good run recently with a 44 percent gain in the last six months and up 25 percent in September alone. In an interview to CNBC-TV18, Hitesh Oberoi, CEO & MD of Info Edge spoke about the latest happenings in the company and what is making their stock tick.
Motilal Oswal recommended buy rating on Info Edge India with a target price of Rs 1330 in its research report dated July 24, 2017.
Info Edge India has reported a good Q1 FY18 earnings. In an interview to CNBC-TV18, Hitesh Oberoi, MD & CEO of the company shared his reading and outlook on their Q1 numbers.
Axis Direct recommended hold rating on Info Edge India with a target price of Rs 891 in its research report dated June 06, 2017.
In an interview to CNBC-TV18, Hitesh Oberoi, MD & CEO of Info Edge India spoke about the latest happenings in the company.
Motilal Oswal is bullish on Info Edge India has recommended buy rating on the stock with a target price of Rs 1000 in its research report dated April 07, 2017.
On March 17, 2017 Morgan Stanley Mauritius Company bought 9,58,000 shares of Info Edge India.
ICICI Direct recommended hold rating on Info Edge with a target price of Rs 900 in its research report dated February 01, 2017.
Centrum is bullish on Info Edge has recommended buy rating on the stock with a target price of Rs 1065 in its research report dated January 31, 2017.
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
Motilal Oswal is bullish on Info Edge India has recommended buy rating on the stock with a target price of Rs 1075 in its research report dated January 30, 2017.
Info Edge, which owns online job portal Naukri, today reported over 76 percent increase in standalone net profit to Rs 47.1 crore for the December quarter of the current fiscal.
Info Edge India reported its third quarter results for the quarter ending December 2016. The company reported net profit growth of 76.1 percent at Rs 47.1 crore vis-Ã -vis Rs 26.7 crore the same quarter last fiscal.
Demonetisation is expected to impact the financial performance of India‘s internet firms. Leading internet firm Info Edge has also been impacted by the move.
The December quarter has not been a good one for India's internet companies. While private funding dried up for unlisted players as investors focused on operating performance, the listed players are expected to be impacted by demonetisation.
Nomura has a buy ratings on Dr Reddy‘s, Glenmark, Alkem, Cadila and Jubilant Life. It says Teva‘s 2017 guidanceis lower than what was presented in 2016-2020 prelim outlook and implies a shortfall of USD 1.5-2 billion in EBITDA. Teva expects mid-single digit price erosion in the base US business.
According to Gaurang Shah of Geojit BNP Paribas, one may prefer HCL Technologies.
Cadila Healthcare | KEC International | Crompton Greaves | Siemens | NMDC | Mandhana Industries | NALCO | India Glycols | Dredging Corporation | BGR Energy | Ashoka Buildcon and Endurance Technologies are stocks, which are in the news today.