Regulatory22 May 2026, 01:30 pm
Info Edge: No Deviation in QIP Funds Utilization
AI Summary
Info Edge (India) Ltd. reported no deviation or variation in the utilization of funds raised through Qualified Institutional Placement (QIP) in FY 2020-21, as per Regulation 32(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. This statement pertains to the quarter ended March 31, 2026, and was reviewed by the Audit Committee and noted by the Board on May 22, 2026. The QIP raised ₹18750 Mn, with net proceeds intended for long-term cash resources and general corporate purposes.
Key Highlights
- Info Edge reports no deviation in QIP fund utilization for the quarter ended March 31, 2026.
- QIP funds of ₹18750 Mn were raised in FY 2020-21.
- The Audit Committee reviewed the statement of NIL deviation.
- QIP proceeds are allocated for long-term cash resources and general corporate purposes.
- Pending utilization, funds are invested in creditworthy instruments.
Price Impact
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