DSIJ Mindshare

Info Edge to invest in online footwear site ShoeKonnect

Advait Dharmadhikari 0 930 Article rating: 5.0

Info Edge has invested Rs. 6 crore via its wholly-owned subsidiary in Bizcrum Infotech (ShoeKonnect). The company has acquired 60,00,000 @ 0.01 per cent Compulsorily Convertible Preference Shares having a face value of Rs. 10 each. The aggregate shareholding of the company post this investment would be 29.79 per cent on a fully converted and diluted basis.

FSL gives trendline breakout

Vinayak Gangule 0 2528 Article rating: 5.0

The stock of Firstsource Solutions has given downward sloping trendline breakout on Tuesday formed by connecting swing highs from December 4, 2018. The breakout was supported by justifiable volumes. Additionally, the stock formed a sizeable bullish candle on breakout day, which adds strength to the breakout.

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