Citigroup Global hikes stake in Info Edge to 5.21%

Citigroup Global hikes stake in Info Edge to 5.21%
PTI
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First Published: Mon, May 04 2009. 04 10 PM IST
Updated: Mon, May 04 2009. 04 10 PM IST
Mumbai: Foreign fund house Citigroup Global Mkt (Mauritius) has hiked its stake in Info Edge India, owner of job portal Naukri.com, to over 5% through open market transactions.
In a disclosure to the Bombay Stock Exchange, Info Edge India said Citigroup Global has acquired 1.65% stake, amounting to over 4.49 lakh shares of the firm, on 28 April.
Post acquisition, Citigroup Global now holds a 5.21% stake in the company.
Calculated on the basis of Info Edge India’s closing price on 29 April, the transaction value stands at nearly Rs24.15 crore.
Meanwhile, in a separate filing to the stock exchange, Info Edge India said non of its promoters and their group have pledged or hypothecated their shares till the end of March.
Shares of Info Edge India were trading at Rs522, down 2.83% in the late afternoon trade on the BSE.
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First Published: Mon, May 04 2009. 04 10 PM IST