Info Edge share price jumps nearly 4%

Info Edge share price jumped nearly 4% in reaction to the performance of Eternal (Zomato) Q1 Results. As Info Edge India held a 12.38% stake in the food delivery platform company, which equates to more than 119 crore shares, ***** parent shares rose in today's session. Eternal shares reached an all-time high, becoming the standout stock, post a strong commentary from management. According to reports, Info Edge initially invested in Eternal (formerly Zomato) in August 2010 during the seed funding round, contributing ₹4.7 crore for an 18.5% ownership stake. When Zomato went public in 2021, Info Edge held nearly a 19% stake and also took part in the company's IPO.