Naukri board to consider first-ever stock split on February 5
Info Edge (India), the parent company of Naukri.com, on Thursday announced its plans to consider a stock split— a first for the company. The board of directors is scheduled to meet on February 5 to discuss and potentially approve the split ratio.
“A meeting of the Board of Directors is scheduled to be held on Wednesday, February 05, 2025, to, inter alia, consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024, we hereby inform you that at the said Meeting, the Board of Directors will also consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company,” said the company in its exchange filing.
The record date and other relevant information will be announced by the company later.
This will be the first-ever instance when Info Edge will be splitting its shares. However, the company has issued bonus shares to its shareholders twice, once in 2010 and then in 2012, according to the Trendlyne data.
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