Info Edge's board has set the record date for a 1:5 stock split, as announced in an exchange filing on April 14.

After the split announcement, Info Edge's stock price saw a significant increase, going up by almost 4% on the day of approval.

In a board meeting on Monday, the management of Info Edge (India) Ltd fixed 7 May as the record date for its 1:5 stock split, in which one share with a face value of ₹10 will be split into five.

Info Edge (India), operating in the Internet & Catalogue Retail sector and classified as a Largecap on the BSE, currently has its share price at ₹6404. The stock has experienced fluctuations ...

As per the filing, each equity share of face value Rs 10 will be split into five equity ... This is the first stock split in Info Edge’s history, marking a significant milestone. Analysts believe the ...

Info Edge share price has risen 8% in the last one year, as against a mere 0.16% rise seen in the BSE benchmark index Sensex. Meanwhile, over the last five years, the stock has rallied 192%.