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Info Edge Shares Drop 10% After Recording Rs 116 Crore Loss in Q3
Info Edge Shares Drop 10% After Recording Rs 116 Crore Loss in Q3
February 13, 2023
Info Edge shares fell 10% after reporting a Rs 116 crore loss in Q3.
The losses were due to the write-off of the company’s investment in property tech start-up 4B Networks.
Info Edge had invested Rs 276 crore in the start-up as of September 2022.
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