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Info Edge surges on investing Rs 6 crore in Happily Unmarried Marketing

Info Edge (India) is currently trading at Rs. 2096.00, up by 36.60 points or 1.78% from its previous closing of Rs. 2059.40 on the BSE.

The scrip opened at Rs. 2092.20 and has touched a high and low of Rs. 2155.40 and Rs. 2084.90 respectively. So far 68858 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 2432.00 on 03-Jun-2019 and a 52 week low of Rs. 1312.80 on 16-Nov-2018.

Last one week high and low of the scrip stood at Rs. 2155.40 and Rs. 2000.00 respectively. The current market cap of the company is Rs. 25575.70 crore.

The promoters holding in the company stood at 40.61%, while Institutions and Non-Institutions held 48.59% and 10.79% respectively.

Info Edge (India) has invested, through its wholly-owned subsidiary, about Rs 6 crore in Happily Unmarried Marketing. As part of company’s strategic investments, the investment would help the company to consolidate its position into the said line of business within the Internet Services industry.

Happily Unmarried has diversified into men’s grooming through its brand Ustraa which is now driving the growth of the business. Ustraa is sold both online as well as through Modern and General trade.

Info Edge (India) owns one of the leading job portals naukri.com. The company is a leading provider of various portals related to online recruitment, matrimonial, real estate and education classifieds and related services in India.

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