Info Edge’s Board of Directors has approved the company’s first stock split, with shares to be split in a 1:5 ratio.

Info Edge board of directors has approved a stock split in the ratio of 1:5. This is the first-ever stock split by the company.

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Info Edge shares currently carry a face value of ₹10 each and this will be the first instance of the company dividing its stock.

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Info Edge (India) advanced 2.90% to Rs 7,927.15 after the company announced that its board has approved 5-for-1 stock split.