Held on 04 September 2014
Info Edge (India) announced that the QIP Committee of the Company at its meeting held on 04 September 2014 passed resolutions in connection with the following:1. Authorizing the opening of the Qualified Institutions Placement ("QIP") on 04 September 2014;
2. Approving and adopting of the Preliminary Placement Document dated 04 September 2014 in connection with the QIP; and
3. Determining that the "relevant date" for the purpose of this QIP in terms of Regulation 81(c)(i) of the SEBI Regulations is September 04, 2014, and that accordingly the floor price in respect of the aforesaid QIP, based on the pricing formula as prescribed in under Regulation 85 (1) of the SEBI Regulations is Rs.766.89 per Equity Share (the "Floor Price"); and authorizing the Company to offer, at its discretion, a discount of up to 5% on the Floor Price to investors in the QIP.
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