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Info Edge confirms no deviation in utilization of Rs 18750 crore QIP funds
28-Oct-2026, 01:57
Info Edge (India) Limited informed the National Stock Exchange of India Limited and BSE Limited that there was no deviation or variation in the utilization of funds raised through a Qualified Institutional Placement (QIP) in fiscal year 2020-21, as stated in a filing on October 28, 2026. The company had raised Rs 18750 crore through the QIP on August 8, 2020, with the net proceeds intended to augment long-term cash resources and for general corporate purposes.