Info Edge To Consider First-Ever Stock Split, Shares Rise 3%

Info Edge (India) Ltd, the parent company of Naukri.com, has announced that its board of directors will meet on February 5 to discuss a proposal for the company’s first-ever stock split. This development has positively impacted the company’s stock performance, with shares rising by 3% in recent trading sessions.

Details of the Proposed Stock Split

A stock split is a corporate action where a company divides its existing shares into multiple new shares, thereby reducing the share price but maintaining the overall value for shareholders. For example, in a 2-for-1 stock split, shareholders will receive two shares for every share they currently hold, while the price of each share is halved. The main objective of a stock split is to make shares more affordable and accessible to a broader range of investors, which in turn can increase liquidity.

For Info Edge, the exact ratio and record date for the proposed split are still under discussion, but the move signifies the company’s intention to expand its retail investor base. The stock split also comes at a time when Info Edge has been experiencing significant growth across its various platforms, notably Naukri.com, which continues to be one of India’s leading job portals

Market Reaction

Following the announcement, Info Edge’s shares experienced a 3% increase, reflecting positive investor sentiment towards the proposed stock split. The shares of Info Edge, As of January 30, 2025, at 11:05 AM, are trading at ₹7,637.80 per share, reflecting a surge of 2.60% from the previous day’s closing price. Over the past month, the stock has registered a decline of 12.34%.

Conclusion

The upcoming board meeting to consider Info Edge’s first stock split marks a significant milestone for the company. If approved, this move could enhance the stock’s liquidity and broaden its investor base, potentially contributing to the company’s continued growth and success in the market.

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