Info Edge (India) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Awaiting price reaction for this filing.
Info Edge (India) Limited has submitted to NSE a statement of deviation(s) or variation(s) under Regulation 32 of the SEBI Listing Obligations and Disclosure Requirements Regulations. This regulation requires companies to disclose any deviations from the stated purpose of funds raised through issues such as IPOs, rights issues, or preferential allotments. The specific details of the deviation, the amount involved, and the original vs. actual use of funds are not visible from the headline alone. Investors would need to review the full filing on the NSE/BSE portal to understand the nature and extent of the variation reported.
This is a routine regulatory disclosure and may not materially affect the stock price unless the deviation is significant or relates to a large amount of raised funds. Shareholders should check the detailed filing to understand whether the company has used issue proceeds in a manner different from what was originally disclosed.