Info Edge's board approves 1:5 stock split; jumps 3.69%

Info Edge shares rose 3.69% after board of directors approved 1:5 stock split on February 5, with each existing share of ₹10 face value being split into 5 shares of ₹2 face value. The decision is subject to shareholder approval, record date will be announced later. This is company's first stock split, although they have issued bonus shares before.