Facebook buys WhatsApp, boosts Info Edge India shares to record high
Agencies Posted online: Monday, Feb 24, 2014 at 0000 hrs
Mumbai : Info Edge India Ltd
shares rose as much as 10.9 per cent to an all-time high of Rs 708.05 after Facebook Inc's $19 billion offer for mobile-messaging startup WhatsApp was seen raising valuations for internet-based companies.
Info Edge is heading towards its seventh consecutive session of gain, for a total of nearly 30 per cent.
Info Edge is primarily in the business of Internet-based service delivery and operates in four verticals: recruitment, matrimonial, real estate and education services.
The websites under Info Edge India's umbrella include Naukri.com and Jeevansathi.com.