(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).