Info Edge India rises on agreement to sell stake in unit

Info Edge (India)

12/06/2023 06:40

** Shares of Info Edge India  INED.NS  rise as much as 3.18%
to 4,275 rupees
    ** Recruitment and real estate solutions provider says its
unit Startup Investments will sell entire stake in associate
firm Happily Unmarried Marketing to VLCC Health Care for 610 mln
rupees
    ** Stake sale to be completed within two months 
    ** Trading volume at 292,394 shares as of 10:59 a.m. IST,
0.7x the 30-day avg - Refinitiv data
    ** Six of the 21 analysts maintain "strong buy" on stock,
five each suggest "buy" and hold", four recommend "sell" and one
maintains "strong sell"; median PT is 4,557.50 rupees  


 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))