Info Edge (India) Ltd, provider of online classifieds, said it plans to invest upto Rs4.7 crore in DC Foodiebay Online Services Pvt Ltd, an online food guide and restaurant directory business.
Info Edge (India) had recently approved the issue of bonus shares in the ratio of 1:1 to the existing equity shareholders of the company, as on the record date, as may be fixed. This is however subject to the approval of shareholders of the company.
On Wednesday, Info Edge shares ended 1% down at Rs1,035 on the Bombay Stock Exchange, while the benchmark Sensex closed 0.7% down at 18,179 points.
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