scorecardresearchInfo Edge: LIC's shareholding crosses 5%-mark

Info Edge: LIC's shareholding crosses 5%-mark

Updated: 23 Dec 2022, 08:27 AM IST
TL;DR.

LIC said its holding in the company crossed 5 per cent on December 21, 2022. The acquisition of the additional shares were done at an average cost of 4,790.76 apiece.

Mumbai, May 17 (ANI): Life Insurance Corporation of India (LIC) Chairman M R Kumar during the listing ceremony of LIC, at Bombay Stock Exchange (BSE), in Mumbai on Tuesday. (ANI Photo)

Mumbai, May 17 (ANI): Life Insurance Corporation of India (LIC) Chairman M R Kumar during the listing ceremony of LIC, at Bombay Stock Exchange (BSE), in Mumbai on Tuesday. (ANI Photo)

(PTI) Insurance behemoth Life Insurance Corporation of India (LIC) on Thursday said its shareholding in online company Info Edge has crossed 5 per cent with an additional investment of over 12 crore.

Its shareholding in Info Edge (India) Ltd has increased from 64,43,921 to 64,69,921 equity shares, or from 4.988 per cent to 5.008 per cent of the paid-up capital of the company, LIC said in a regulatory filing.

LIC said its holding in the company crossed 5 per cent on December 21, 2022. The acquisition of the additional shares were done at an average cost of 4,790.76 apiece.

The additional 26,000 shares of Info Edge were purchased for 12.45 crore.

As per regulatory norms, listed companies are required to inform the stock exchanges about shareholding in a firm when it crosses 5 per cent.

Info Edge is an online classified company with a portfolio of brands like naukri.com (online recruitment), 99acres.com (online real estate), jeevansathi.com (online matrimonial) as well as shiksha.com (online education services).

First Published: 23 Dec 2022, 08:27 AM IST