Info Edge (India) rose 1% to Rs 738.10 at 9:24 IST on BSE after the company said Zomato raised about Rs 390 crore in a fresh round of funding led by Singapore investment company Temasek.
The announcement was made after market hours yesterday, 7 September 2015.
Meanwhile, the BSE Sensex was up 114.64 points, or 0.46%, to 25,008.45.
On BSE, so far 796 shares were traded in the counter, compared with an average volume of 11,926 shares in the past one quarter.
The stock hit a high of Rs 745 and a low of Rs 735.20 so far during the day. The stock hit a record high of Rs 1,014.70 on 19 November 2014. The stock hit a 52-week low of Rs 700 on 13 May 2015.
The stock had underperformed the market over the past one month till 7 September 2015, sliding 14.35% compared with 11.84% fall in the Sensex. The scrip had also underperformed the market in past one quarter, falling 7.63% as against Sensex's 7% decline.
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The mid-cap company has an equity capital of Rs 120.42 crore. Face value per share is Rs 10.
Info Edge (India) said that Zomato Media, which owns and operates an online food guide portal www.zomato.com, has signed definitive agreements to raise close to Rs 390 crore (about $60 million), led by Singapore investment company Temasek with participation from existing shareholder Vy Capital.
Info Edge (India), including its wholly-owned subsidiary did not participate in the present round of investment. Post the transaction, Info Edge along with its wholly-owned subsidiary holds, on a fully converted and diluted basis, about 47% on Zomato.
Zomato Media owns and operates the restaurant search mobile application and website by the name of Zomato.
Net profit of Info Edge (India) declined 27.78% to Rs 28.75 crore on 18.52% rise in net sales to Rs 171.79 crore in Q1 June 2015 over Q1 June 2014.
Info Edge (India) is India's premier on-line classifieds company in recruitment, matrimony, real estate, education and related services.
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