Info Edge (India), the parent company of Naukri.com, is set to consider its first-ever stock split during a board meeting on February 5, 2025. The company will also approve financial results for the quarter and nine months ending December 31, 2024.
Info Edge (India) Ltd, the parent company of popular job portal Naukri.com, announced plans to consider a stock split for the first time in its history. The company’s board of directors will meet on February 5, 2025, to discuss and potentially approve the split ratio, marking a significant milestone for the organization.
Based in Noida, Uttar Pradesh, Info Edge is a leading player in the online recruitment industry, with its flagship product Naukri.com being one of the largest job portals in India. The company has previously rewarded its shareholders with bonus shares twice, once in 2010 and again in 2012, according to Trendlyne data. However, the upcoming stock split is set to be the first-ever such move for the company.
The board meeting on February 5 will also cover the approval of the unaudited standalone and consolidated financial results for the quarter and nine months ending December 31, 2024. Info Edge has assured that it will announce the record date and other pertinent details related to the stock split at a later stage.
Investors and market participants will be keeping a close watch on this historic decision as the company navigates this new phase.
