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) during the financial year 2020-21. As of the quarter ended March 31, 2026, the company maintains its commitment to the original objects of the issue, with ₹8,216.43 million utilized out of the ₹18,290.32 million allocated for general corporate purposes and business growth.
Fund Utilization Overview
Info Edge (India) Limited has provided a formal update regarding the status of funds raised via a Qualified Institutional Placement (QIP) concluded on August 8, 2020. The company successfully raised ₹18,750 million, with net proceeds—after accounting for expenses of ₹459.68 million—amounting to ₹18,290.32 million. The management has confirmed that all fund deployment remains strictly in accordance with the original objectives outlined at the time of the raise.
Financial Status as of March 2026
For the quarter ending March 31, 2026 (Q4 of the 2025-26 fiscal year), the company reported that ₹8,216.43 million of the net proceeds have been utilized to date. The remaining balance continues to be held in creditworthy instruments, including money market funds and bank deposits, as part of the company’s approved investment policy. Both the Audit Committee and the Board of Directors have reviewed and verified that there have been no deviations in the intended use of these capital resources.
Source: BSE
