Hitesh Oberoi to step down as CEO; Sanjeev Bikhchandani to succeed

Ceo ResignedKmp ResignedManagement Changes View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-2.2%Reaction day

₹1216.30

prior close

₹1201.00

announcement price

In-mkt

timing

Nifty Midcap 150market+0.3%-2.5% vs market

Internet & Catalogue Retail peers, median of 7sector-0.5%-1.7% vs sector

On the reaction day the stock moved 2.5 pts less than Nifty Midcap 150 and 1.7 pts less than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.7

10m

-4.3

15m

-1.5

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.2+0.3-2.5-0.5-1.7

Next day

-3.6pendingpending-1.8-1.8

-2.2pendingpending-5.8+3.7

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15d

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UpDownMarket · Nifty Midcap 150Sector · Internet & Catalogue Retail peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Info Edge announced a leadership transition. Hitesh Oberoi will step down as managing director and CEO on December 2, 2026, after nearly 27 years, including over 16 as CEO. Subject to shareholder approval, he will stay as a non-executive promoter director from December 3. Founder and vice chairman Sanjeev Bikhchandani will become executive vice chairman, managing director and group CEO from December 3 to April 26, 2031, subject to approval.

Likely market impact

Approval is pending. The handover may reduce key-person risk, but Sanjeev Bikhchandani's expanded operating role raises execution responsibility.