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  • Security Code532777
    CompanyINFO EDGE (INDIA) LTD.
    Exchange Received Time29/01/2019 15:54:27
    Exchange Disseminated Time29/01/2019 15:54:35
    Time Taken00:00:08
     
     
     Reduction Of Cumulative Redeemable Preference Share ('CRPS') Capital Of Naukri Internet Services Limited ('NISL'), A Wholly Owned Subsidiary Of Info Edge (India) Limited ('IEIL'). | 1/29/2019 3:54:28 PM 
     This is to inform you that the Board of Directors of NISL (a wholly owned subsidiary of IEIL), at their meeting held on Monday, January 28, 2019 has approved the reduction of the issued, subscribed and paid-up, 0.0001% CRPS capital of NISL, from Rs.343,24,00,000 divided into 3,43,24,000 fully paid-up CRPS of Rs.100 each held by IEIL, to Rs.3,24,00,000 divided into 3,24,000 fully paid-up CRPS of Rs.100 each, by cancelling and extinguishing, in aggregate, Rs.340,00,00,000 divided into 3,40,00,000 CRPS of Rs.100 each (the 'Capital Reduction').

    Capital Reduction is pursuant to Section 66 of the Companies Act, 2013 read with the National Company Law Tribunal (Procedure for Reduction of Share Capital of Company) Rules, 2016 ('Reduction Rules'), and other applicable provisions of the Companies Act 2013; and subject to necessary statutory approvals including the approval of the Hon'ble National Company Law Tribunal ('NCLT').
    		 
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