Noida, February 5, 2025 – Info Edge (India) Ltd, the parent company of Naukri.com, has announced the approval of a 1:5 stock split during its Board of Directors meeting held on February 5, 2025. The move is aimed at enhancing liquidity and making the company’s equity shares more accessible to retail investors.
Key Highlights of the Stock Split
| Particulars | Details |
|---|---|
| Split Ratio | 1:5 (Each existing equity share of ₹10 will be split into 5 equity shares of ₹2 each) |
| Pre-Split Share Capital | Authorized: 15 crore equity shares of ₹10 each Issued, Subscribed & Paid-up: 12.95 crore equity shares of ₹10 each |
| Post-Split Share Capital | Authorized: 75 crore equity shares of ₹2 each Issued, Subscribed & Paid-up: 64.79 crore equity shares of ₹2 each |
| Rationale | To improve stock liquidity and increase retail participation by making shares more affordable |
| Expected Completion | Tentatively within two months post shareholder and regulatory approvals |
| Share Class Affected | Only equity shares (₹10 face value) will be split |
| Record Date | To be determined post shareholder approval |
Corporate Actions & Governance Updates
- Amendment of Capital Clause – The company's Memorandum of Association will be updated to reflect the revised capital structure.
- Alteration of Articles of Association – The definition of 'Equity Shares' in Article 2(a)(u) will be modified to incorporate the new face value of ₹2 per share.
- Regulatory Compliance – The stock split is subject to shareholder approval via Postal Ballot and other necessary regulatory clearances.
Strategic Outlook
The stock split aligns with Info Edge's long-term capital market strategy, making its shares more attractive to smaller investors while enhancing trading volumes and liquidity. With a two-month timeline post-shareholder approval, investors can expect further announcements regarding the record date in due course.Stay tuned for updates as Info Edge progresses with this shareholder-friendly initiative.