The company’s board has approved May 7, as the record date for its stock split, the company said in its exchange filing.
Shareholders of the company had approved the proposal of the stock split via postal ballots on April 11.
Info Edge had announced that it will be splitting one equity share of ₹10 each into five shares of ₹2 each. All new shares issued will rank equally with the existing shares in all respects.
Earlier, the company had issued bonus shares to its shareholders. However, that was back in 2010 and 2012 when it had declared a 1:1 bonus issue, meaning one free share for every one share held.
Over the last three years, Info Edge has paid ₹66 per share as dividend to its shareholders.
Shares of Info Edge (India) had ended 2.2% higher on Friday at ₹6,550. The stock has remained flat over the last one month, but is down 25% so far in 2025.
