Citigroup buys Info Edge shares worth Rs 23.82 cr
Citigroup Global Markets Mauritius has purchased shares of Info Edge worth Rs 23.82 crore through an open market transaction (via).
As per NSE data available, Citigroup has bought 4.49 lakh shares @ Rs 530.
Few months back, RBI allowed FIIs to pickup (upto 40%) stakes in Infoedge.
InfoEdge’s job portal Naukri.com has been showing weak signs owing to the bad economy and the realty business is still in investment stage -so what do you expect in the upcoming quarterly announcement?
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About the author - Ashish Sinha is a Startup Mentor/Product Strategy Coach, and the founder/chief editor of pluGGd.in.
He has launched/managed couple of products (consumer as well as enterprise) in US and India, and now consults with startups/small businesses on their product/media strategy. He can be reached at: ashish (at) pluGGd.in [+91 98452 06443]
