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Info Edge rises 6% as board approves raising up to Rs 1,875 cr via QIP

Shares of Data Edge (India) rose six.8 for every cent to Rs 2,959.twenty on the BSE on Tuesday right after its board permitted raising up to Rs one,875 crore by way of issue of equity shares via Experienced Establishments Placement (QIP).

“(The Board permitted) raising of cash by way of issue of equity shares of confront benefit of Rs 10/- each and every of the company by way of QIP to suitable skilled institutional buyers for an aggregate sum not exceeding Rs one,875 crore…topic to the acceptance of the associates of the company,” the company said in an trade filing.

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