Info Edge (India) Limited has confirmed that there was no deviation or variation in the utilization of funds raised through its Qualified Institutional Placement (QIP) in FY 2020-21. The statement, reviewed by the Audit Committee and Board, covers the quarter ended September 30, 2025.
QIP Fund Utilization Update
Info Edge (India) Limited has issued a statement confirming the proper allocation of funds raised through its Qualified Institutional Placement (QIP) undertaken in FY 2020-21. According to the announcement dated November 12, 2025, there has been no deviation or variation in the use of these funds.
Details of Fund Allocation
The QIP successfully raised Rs. 18750 Mn. The net proceeds of the issue were intended to augment the company’s long-term cash resources, meet business activity funding needs, and for general corporate purposes as part of its growth strategy. The original allocation was Rs. 18,290.32 Mn, with Rs. 8,059.33 Mn utilized. The company invested the unutilized funds in creditworthy instruments, in accordance with the investment policies approved by the Board.
Audit Committee Review
The Audit Committee reviewed and approved the statement, ensuring compliance with applicable regulations. The Board also acknowledged the same during their meetings held on November 12, 2025.
Source: BSE
