Info Edge (India), on-line classifieds company in recruitment, matrimony, real estate and education, jumped on Thursday after it co-invested in an investment round of Rs 2,276 million in the shares of Zomato Media, which owns and operates an online food guide portal Zomato.com.
The total investment round the company has invested an amount of about Rs 570 million by subscribing to convertible preference shares of Zomato.
Shares of the company are trading at Rs 428.40, up Rs 47.1, or 12.35% at the Bombay Stock Exchange (BSE) on Thursday at 1:10 p.m.
The scrip has touched an intra-day high of Rs 436.80 and low of Rs 380. The total volume of shares traded at the BSE is 33,622.
In the earlier session, the shares climbed 0.78%, or Rs 2.95, at Rs 381.30. Currently, the stock is trading all time 52-week high, which is above 50.32% over the 52-week low of Rs 285.
Source: myiris