Info Edge Promoter Transfers 10,000 Personal Shares to Staff

Info Edge Promoter Transfers 10,000 Personal Shares to Staff
New Delhi: A promoter of Info Edge, which runs job portal, has transferred 10,000 personal shares to employees.

"It is hereby informed that Sanjeev Bikhchandani, Founder Promoter and Executive Vice Chairman, has transferred 10,000 shares (face value of Rs 10 each) from his personal shareholding to employees of the company," Info Edge said in a filing to the BSE.

At Friday's closing price, the value of shares stands at Rs 83,79,500. The share transfer is in line with Mr Bikhchandani's earlier commitment to award a total of 243,500 equity shares equivalent to 76,250 equity shares pre-bonus issues of September 2010 and in June 2012.

The balance commitment as on date is 94,600 equity shares, at face value of Rs 10 each, in favour of employees who remain associated with the company and its subsidiaries, the filing said.

Currently, the company has investments in Zomato Media, Applect Learning Systems Private Limited, Etechaces Marketing & Consulting, Kinobeo Software, Canvera Digital Technologies and Happily Unmarried Marketing.

With a network of 63 offices located in 43 cities throughout India, Info Edge has over 3,800 employees.

Besides job portal and matrimonial website, Info Edge also runs real estate web portal and education portal