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Indoco Remedies purchase land parcel in Mumbai; share gains

Trade setup for Wednesday: 15 things to know before opening bell

Info Edge India Ltd to invest Rs 10 crores in Zwayam Digital Pvt Ltd

Info Edge India Ltd to invest Rs 10 crores in Zwayam Digital Pvt Ltd
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PNB Scam: Supreme Court refuses to interfere with case against bank officials on RBI s criminal complaint

Info Edge gains 5% as Zomato gets Sebi approval for IPO

Shares of Info Edge (India) rose 5 per cent to Rs 5,626 on the BSE in intra-day trade on Monday after media reports said Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) application of food delivery company Zomato. Info Edge held an 18.55 per cent stake in Zomato as of April 27, 201, according to Draft Red Herring Prospectus. The stock of Info Edge (India) has rallied 14 per cent in the past three trading days. Meanwhile, Info Edge has reconsidered its offer to sell shares worth Rs 750 crore in the upcoming IPO of Zomato. Info Edge, in a regulatory filing, said it will now be selling only 50 per cent, or Rs 375 crore, of the initial offer as offer-for-sale (OFS) in Zomato’s IPO.

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