Fidelity Increases Stake In Info Edge

Info Edge India Ltd, the company which own jobs portal Naukri.com, is attracting interest from large foreign institutional investors. Foreign fund houses FMR Corp and Fidelity International have increased their combined stake to over 5 per cent by acquiring an additional 0.15 million shares (0.55 per cent) from open market. The exact transaction price is not known although the total deal size was estimated below Rs 10 crore. The deal took place on February 20, and the stock had hit an intra-day high of Rs 667.80 on that day.
FMR Corp and Fidelity International along with associates previously held around 1.32 million shares representing about 4.83 per cent stake in Info Edge. In November, ICICI Venture had sold 1.3 million shares to Fidelity at Rs 586 a share via an open market transaction.
Related:
ICICI Venture Sells 5% In Naukri To Fidelity For Rs 80 Crore

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