Info Edge (India) Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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Info Edge has filed a routine SEBI Regulation 32 compliance statement confirming NIL deviation or variation in the use of funds raised through its Qualified Institutions Placement (QIP) in August 2020. The company raised a gross Rs. 1,875 crore, with net proceeds of Rs. 1,829.03 crore after expenses of Rs. 45.97 crore. So far, the company has utilised Rs. 793.93 crore (about 43% of net proceeds) for its stated purpose of augmenting long-term cash resources, business activities, and general corporate purposes. The remaining unutilised funds are parked in creditworthy instruments like money market, mutual funds, and bank deposits. The Audit Committee reviewed and the Board noted the statement on August 8, 2025.
This is a routine, neutral-to-slightly-positive compliance filing. There is no negative news — no misuse or diversion of funds. Shareholders should note that over half the QIP proceeds remain unutilised and are earning market returns, giving the company flexibility to deploy capital opportunistically in the future.