Info Edge (India) Ltd has announced that the Board of Directors of the Company at its meeting held on May 03, 2012, inter alia, has approved, subject to the approval of shareholders of the Company and other regulatory authorities, issue of bonus shares in the ratio of 1:1 (i.e. One new equity share for every one equity share held) to the Existing Equity Shareholders of the Company, as on the Record Date, as may be fixed.
The Company would shortly take steps to obtain the approval of shareholders to increase the Authorized share capital from the present Rs. 60 crore (divided into 6 crore equity shares of Rs. 10 face value each) to Rs. 120 crore (divided into 12 crore equity shares of Rs. 10 face value each).
The Board also recommended a dividend for FY 2011-12 @ Re. 1.00 per share (face value Rs. 10 per share). This would be paid on the post bonus (expanded) paid-up capital base.
Info Edge (India) Q4 net profit at Rs399.7mn