Facebook Pixel Code

Facebook buys WhatsApp, boosts Info Edge India shares to record high

Facebook Inc’s $19 billion deal for mobile-messaging startup WhatsApp has repercussions for Info Edge India.

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.

Get live Share Market updates, Stock Market Quotes, and the latest India News and business news on Financial Express. Download the Financial Express App for the latest finance news.

First published on: 24-02-2014 at 14:36 IST
Market Data
Market Data
Today’s Most Popular Stories ×